Divestments Shadow Earnings | August 19, 2013 Issue - Vol. 91 Issue 33 | Chemical & Engineering News
 
 
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Volume 91 Issue 33 | pp. 16-17
Issue Date: August 19, 2013

Divestments Shadow Earnings

At the half-year mark, several chemical firms’ strategies include selling major businesses
Department: Business
Keywords: earnings, acquisitions, divestments, coatings, agriculture, titanium dioxide

In the first half of 2013, the U.S. chemical industry reported financial results that didn’t move the growth needle much. The 24 firms tracked by C&EN saw combined sales increase by 2.1% compared with the year-ago period, and earnings rose by a smaller 1.3%.

For the most part, chemical executives were less than pleased with the pace of global economic growth. In early 2012, firms boosted earnings by raising prices, but that strategy stopped working . . .

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