IHS Chemical Week

Regions :: North America

Cytec earnings fall short of estimates; guidance cut due to economic risk

3:24 PM MDT | April 18, 2013 | Vincent Valk

Cytec has announced first-quarter earnings down 36.9% YOY, to $33.5 million, or 73 cts/share, on sales up 26.3%, to $477.4 million. Excluding special items, however, earnings rose 12.1%, to $34.2 million, or 75 cts/share. Earnings fell short of analysts’ consensus of 86 cts/share, as reported by Thomson Reuters (New York).   Cytec is also cutting its full-year 2013 earnings guidance by about 4.1%, to $4.50-$4.75/share, due to “a number of risks in the global economy,” says CEO Shane Fleming. These risks will mostly impact the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa