Chemical Week Magazine :: Business & Finance :: United States/Americas
Specialty earnings rise along with end markets
9:44 AM MST | February 7, 2014 | —CW Staff
Specialty chemical companies mostly report solid fourth-quarter results, since key end markets have grown steadily. Sherwin-Williams (SW) rode the rebound in architectural paint sales to a strong quarter, while Ashland beat estimates thanks to strong results in adhesives. FMC posted gains in agricultural chemicals. SW reports fourth-quarter net earnings of $116.1 million, or $1.14/share, up 70.5% year-on-year (YOY), on sales up 10.8%, to $2.46 billion. The increases were mostly due to higher volumes in paint stores and acquisitions, with the latter increasing...
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