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Chemical Week Magazine :: Business & Finance :: United States/Americas

Earnings Mixed at Early-Reporting Chemical Firms

8:46 AM MST | January 21, 2011 | —KERRI WALSH AND NANCY SEEWALD

Fourth-quarter earnings were mixed at early reporting chemical companies. PPG Industries posted a big profit gain, while H.B. Fuller’s results were dampened by special charges. PPG’s earnings soared 44%, to $205 million ($1.24/share) including a $2-million asbestos-related charge. Sales rose 8%, to $3.4 billion. Higher selling prices and improved volumes in most businesses partially offset rising raw material costs. Earnings rose in all of PPG’s segments except industrial coatings and architectural coatings―Europe, Mideast, and Africa. Profits in those...

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