in this issue
Chemical Week Magazine :: Viewpoint
Earnings Steady Despite Storm
10:05 AM MDT | July 22, 2008 | Robert Westervelt Robw@Chemweek.Com
Soaring energy and feedstock costs, depressed automotive and housing markets, weak U.S. demand, and cratering share prices could lead some to believe that the down cycle is here for U.S. chemical makers. A look at early earnings reports as well as some underlying demand trends, however, shows that things are not all that bad out there. PPG Industries and Sherwin-Williams (SW), the first two chemical makers to report second-quarter earnings, beat expectations despite exposure to housing and automotive markets. PPG posted a net income increase of 11%, and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee