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Rockwood beats estimates

12:11 PM MDT | August 6, 2014 | Vincent Valk

Rockwood Holdings today reported second-quarter net income from continuing operations up 32.7% year-on-year (YOY), to $34.1 million, or 47 cts/share, on sales up 4.1%, to $362.3 million. Excluding charges, adjusted net income from continuing operations rose 46.8% YOY, to $45.5 million, or 62 ct/share, easily beating analysts' consensus estimate of 49 cts/share, as reported by Thomson Reuters (New York). Good results in the surface treatment segment and battery applications for lithium drove the increases, Rockwood says. Last month, Rockwood agreed to be acquired...

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