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Specialty earnings mixed despite sales increases

2:47 PM MDT | May 12, 2014 | CW Staff

Specialty earnings were mixed, since most companies report rising revenues, but one-time charges and bad winter weather took a bite out of earnings. Ecolab and FMC have matched estimates, although FMC’s agricultural chemicals business had a weak quarter because of the harsh winter in North America. Ashland reports a loss due to restructuring charges, but underlying earnings were flat year-on-year (YOY). PolyOne’s earnings rose because of the Spartech acquisition. Ecolab reports net income up 20% YOY, to $191 million, on sales up 16%, to $3.34 billion...

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