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Price Increases Offset Higher Costs in Early Earnings Reports

6:56 AM MDT | April 20, 2012 | —CW Staff

Early first-quarter results were positive with raw material cost inflation was more than offset by rising volumes and selling prices. DuPont and Albemarle beat analysts’ estimates, while PPG and Sherwn-Williams reported earnings at the high end of previously announced, and increased, guidance. DuPont reported net income excluding significant items of $1.52 billion, up 6.2% from the prior-year quarter on growth in agriculture, performance chemicals, including titanium dioxide, and earnings from its acquisition of Danisco. “Higher selling prices more...

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