First-Quarter Specialty Earnings Mixed

Specialty chemicals firms continue to report mixed results for the fiscal quarter ended March 31, 2012, as the European economy and certain end markets remain depressed. Acquisitions helped several companies, including Ecolab, PolyOne, and Solutia, post gains, and earnings were in line with analysts’ estimates. The outlook for 2012 is largely positive, with executives noting signs of improvement in embattled market segments like electronics. Ecolab’s adjusted net income, excluding the Nalco merger and other charges, rose 40%, to $150 million, or 50...

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