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

Specialty earnings mostly up on improving end markets

11:15 AM MDT | July 26, 2013 | —Vincent Valk

Specialty chemical makers have mostly reported increased earnings and sales despite market difficulties. The rebound in the North American construction market buoyed results for PPG Industries, Sherwin-Williams (SW), RPM, and W.R. Grace. Ashland, meanwhile, posted earnings declines due to issues in its guar and elastomers businesses. PPG’s second-quarter net income was up 14.8% year-on-year (YOY), to $341 million, on sales up 16%, at $4.1 billion. Adjusted earnings—which exclude acquisition charges—totaled $356 million, or $2.45/share, ahead of...

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