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Chemical Week Magazine :: Business & Finance :: United States/Americas
Specialty earnings vary on divergent end markets
5:19 AM MDT | May 3, 2013 | —CW STAFF
First-quarter earnings at specialty chemical firms were varied depending on end market. Ecolab’s adjusted income was driven up by higher margins and solid water treatment results. Strength in the ag and food ingredient markets helped FMC results, and PolyOne beat estimates because of an improved product mix. Meanwhile, Rockwood was hit by weak titanium dioxide (TiO2) margins and Stepan’s surfactants business saw selling prices fall. Ecolab’s first-quarter net income rose 221% year-on-year (YOY), to $159.6 million, on sales up 2%, to $2.87...
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