Issue Date: April 30, 2012
An Early Spring Rescues Earnings
The first quarter is normally a seasonal slow time for U.S. chemical producers, but mild weather and springlike temperatures boosted sales in the agriculture, coatings, and construction sectors, helping improve earnings at many firms.
Still, the news was not all positive. European demand continues to flounder, notwithstanding signs of strength in Germany’s economy. And some companies say customer destocking, which started during last year’s fourth quarter, continued early in this year.
“Weather-related first-quarter strength in . . .
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