Sales And Earnings Turn Positive | February 22, 2010 Issue - Vol. 88 Issue 8 | Chemical & Engineering News
Volume 88 Issue 8 | pp. 21-23
Issue Date: February 22, 2010

Sales And Earnings Turn Positive

Fourth-quarter results suggest a slow recovery is taking hold for the chemical industry
Department: Business | Collection: Economy
Keywords: earnings, sales, recession, recovery, economic crisis, acquisitions

Fourth-quarter earnings reports show that the chemical industry has begun to emerge from the wreckage of the worldwide economic collapse. Compared with the disastrous fourth quarter of 2008, companies in C&EN’s earnings index increased sales by an average of 2.1% and earnings by 1.9%. Of the 20 companies on the list, nine increased quarterly earnings by more than 100%.

But the reports were not uniformly positive. Three firms—FMC Corp., Mosaic, and . . .

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