IHS Chemical Week

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

Specialty earnings fall on weak market conditions

7:10 AM MST | February 15, 2013 | CW Staff

Speciatly chemical companies continued to record year-on-year (YOY) earnings declines as soft market conditions hurt results. Polysilicon supply issues drove Dow Corning to a loss, while Valspar was hit by declining international demand for coatings. Valspar cut its full-year earnings guidance. Koppers bucked the trend, with earnings up and ahead of analysts’ estimates, while Innospec earnings fell but came in ahead of estimates. Dow Corning, a 50-50 joint venture between Dow Chemical and Corning, reports a net loss of $101 million for the quarter ended 31...

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