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Taminco beats estimates on solid amines results

10:34 AM MDT | August 7, 2014 | Vincent Valk

Taminco today announced a second-quarter profit of $14 million, compared with a loss of $13 million in the year-ago quarter, on sales up 21% year-on-year (YOY), to $370 million. Adjusted earnings totaled 27 cts/share, ahead of analysts’ consensus estimate of 24 cts/share, as reported by Thomson Reuters (New York). "Taminco achieved record performance in the second quarter, driven by strong demand in our specialty amines and crop protection businesses. Sales in North America, Europe and our emerging markets all outperformed their respective regional...

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