Rockwood Net Income Rises 20%, Adjusted Earnings Beat Estimates

Rockwood Holdings' first-quarter net income from continuing operations rose 20% year-on-year, to $75.8 million, on sales down 0.5%, to $914 million. Adjusted earnings totaled $1.23/share, beating analysts’ consensus of $1.02/share, as reported by Thomson Reuters (New York). Net income rose on higher selling prices for titanium dioxide pigments and higher volumes for lithium battery products.   Titanium dioxide pigments sales were down 0.7% year-on-year, to $225.1 million, on lower volumes currency impacts. However, segment Ebitda increased 38%, to...

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