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KMG Chemicals Expects Flat Earnings
10:23 AM MST | March 1, 2012 | Vincent Valk
KMG Chemicals says it expects fiscal second-quarter net income to be flat with the year-ago period, at $2.4 million, or 21 cts/share. The company’s fiscal second-quarter ended on January 31. Earnings are expected to be flat due to about $1.5 million in non-recurring charges, related to waste disposal costs at an Alabama plant, shuttering operations at a facility in Mexico, and exiting a tolling arrangement in the company’s electronic chemicals segment. “Overall demand for our products remains healthy, we are realizing the anticipated...
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