Volume 90 Issue 46 | pp. 18-20
Issue Date: November 12, 2012

Earnings Fall For A Third Quarter

Chemical firms outline restructurings and layoffs, as they report ongoing weakness in earnings
Department: Business | Collection: Economy
Keywords: third quarter, chemical industry, earnings, economy

Against the backdrop of a slowly strengthening U.S. economy, chemical firms saw earnings slide again in the third quarter, in large part because of rapidly declining prices. Out of 21 firms tracked by C&EN, Dow Chemical, DuPont, and eight other companies reported lower sales and earnings in the quarter compared with last year.

The results prompted promises by chief executive officers to heighten the cost-cutting moves they have been implementing throughout the postrecession recovery. As . . .

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