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Chemical Week Magazine :: Business & Finance :: United States/Americas
Momentive, Valspar, Taminco report mixed results
7:17 AM MDT | August 23, 2013 | CW Staff
Late-reporting specialty chemical companies mostly posted losses, since weak results in epoxies and quartz hurt Momentive’s results and one-time charges hit Taminco. Taminco’s sales and adjusted Ebitda increased, however, because of solid amines results. Valspar’s earnings rose on strong results in the United States but fell short of analysts’ expectations. Momentive Specialty Chemicals (MSC) reports a net loss of $28 million compared with net income of $28 million in the year-ago quarter. Sales were flat, at $1.3 billion. Momentive...
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