Higher Prices Lift Specialties Earnings; Markets Drag on Profits

First-quarter global specialty chemical earnings were mixed, depending on the end-use markets producers sell to (table). Continued weakness in North American markets, particularly construction and housing, pushed down sales and earnings for suppliers to those sectors, producers say. Healthier demand in Europe and other regions, as well as higher selling prices, helped to partially offset results from North American markets, specialty chemical makers say. Rohm and Haas (R&H) reported first-quarter net income from continuing operations down 8%, to...

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