Late-Reporting Basic Firms Post Mixed Results

Basic and diversified chemicals companies posted mixed first-quarter results. Weak U.S. housing and automotive markets hurt some producers, while strong overall growth lifted profits at Celanese and Airgas. Huntsman says that unplanned outages at three plants dragged down profits as net income fell 27%, to $55.9 million (24 cts/share), on sales down 1%, to $2.65 billion. “We remain optimistic about general global economic conditions in 2007,” says president and CEO Peter Huntsman. Second-quarter adjusted Ebitda is expected to “modestly...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers