Chemical Week Magazine :: Top of the Week
Earnings Gains Persist, Outlook Remains Positive
8:43 AM MDT | July 23, 2010 | Kerri Walsh and Robert Westervelt
Chemical makers are reporting strong earnings and revenue gains so far in the second quarter, and most say they expect recovery to continue in the second half of 2010. Air Products and Airgas, locked in a takeover fight, both reported strong earnings and positive outlooks for the balance of the year (p. 11). Bunch: Positioned to capitalize on recovery. PPG Industries reported second-quarter net income of $272 million, an 86% increase from the year-ago quarter. Reported earnings of $1.64/share beat analyst forecasts of $1.43/share, as reported by Thomson One (New...
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