Volume 95 Issue 11 | pp. 26-27
Issue Date: March 13, 2017

Chemical firms exit 2016 with some bruises

Demand was strong for some specialties, but results showed the impact of slow growth and lower prices
Department: Business
Keywords: finance, earnings, specialties, consumer products, economic indicators

U.S.-based chemical firms failed in their attempts to boost profits in 2016 in the face of an uneven and slow-growing global economy. The 19 chemical companies tracked by C&EN largely met earnings expectations for the final quarter. But for the full year, sales declined 5.3%, mainly because of lower raw material costs, while earnings fell 8.7%.

The picture looked rosier for the 17 firms that are not in the fertilizer business. Their combined earnings slipped . . .

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