Chemical Week Magazine :: Top of the Week
Big Profit Gains for Diversified Players as Demand Improves
8:33 AM MDT | April 30, 2010 | NANCY SEEWALD AND REBECCA COONS
Economic recovery led to higher volumes at basic and diversified chemical companies in the first quarter. Coupled with improved pricing and favorable currency exchange rates, profits and sales posted big gains at most firms. Several firms also lifted full-year earnings guidance on anticipated continued improvement. * Turning the Corner (in millions of dollars) COMPANY SALES % CHANGE EARNINGS % CHANGE Dow $13,400 33% $552 2200% Dupont 8,500 23 1,130 131 Praxair 2,400 14 340 17 PotashCorp 1,700 86 449 46 Celanese1 1,400 21 18 NA Oxychem 956 21 30 -82 Cabot 712 51...
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