Specialty Chemical Earnings Rise on Higher Selling Prices

Most U.S. specialty chemical makers’ fourth-quarter 2006 results came out ahead of analysts’ estimates. Specialty producers say they benefited from higher selling prices and improved volumes, as well as an easing in raw material and energy costs. Rohm and Haas’s (R&H) earnings from continuing operations rose 30%, to $167 million (76 cts/share), including restructuring charges. Earnings excluding charges were up 4%, to 81 cts/share. The consensus of analysts’ estimates as reported by First Call (Boston) was for 78 cts/share. Strong...

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