Regions :: North America :: U.S.
Cytec beats estimates, announces stock split
11:04 AM MDT | July 18, 2014 | Vincent Valk
Cytec today announced second-quarter earnings that more than doubled year-on-year (YOY), to $73.6 million, on sales up 2.6%, to $527 million. Earnings from continuing operations were roughly flat, at $62.6 million. Adjusted earnings from continuing operations totaled $1.71/share, easily beating analysts’ consensus estimate of $1.53/share, as reported by Thomson Reuters (New York). Aerospace materials segment sales grew 5% YOY, to $262 million, while segment operating earnings declined 3.5%, to $52.7 million. Volumes were up 3% due to higher build rates and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee