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Services :: Financial
Momentive Specialty Chemicals swings to loss; performance materials loss narrows
10:15 AM MST | November 13, 2013 | Vincent Valk
Momentive Specialty Chemicals (MSC) today reported a third-quarter net loss of $76 million, compared with a profit of $342 million in the year-ago quarter, on revenues up 6% year-on-year (YOY), to $1.25 billion. Operating income was up 14% YOY, to $58 million. Epoxy, phenolic and coating resins segment revenues rose 7.3% YOY, to $806 million, while segment Ebitda rose 1.3%, to $77 million. Forest products resins segment sales grew 4%, to $443 million, while segment Ebitda was up 18.4%, to $58 million. “Our Forest Products Resins business continues to...
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