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Chemical Week Magazine :: Business & Finance :: United States/Americas
Specialty earnings hold on resilient end markets
7:12 AM MST | November 8, 2013 | —CW staff
Specialty chemical makers mostly beat estimates with resilient earnings, since major end markets, such as paints, water treatment, and agriculture grew. Some businesses, partcularly Ashland’s guar business and Chemtura’s flame retardants and insulations businesses, remained challenged, however. Ecolab reports net income of $308 million, up 29% year-on-year (YOY), on sales up 15%, to $3.49 billion. Adjusted earnings totaled $1.04/share, up 20% and slightly ahead of analysts’ consensus estimate of $1.03/share, as reported by Thomson Reuters (New...
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