Volume 88 Issue 20 | pp. 19-21
Issue Date: May 17, 2010

Brisk Rebound For Chemical Earnings

Rising consumer spending and inventory restocking boost results in first quarter
Department: Business | Collection: Economy
Keywords: earnings, recovery, recession, automotive, housing, M&A

One year after the economic crisis walloped earnings in the chemical industry, results for the first quarter show that a sharp recovery is under way. Demand has not yet reached pre-recession levels, but chemical executives are telling investors that they expect robust growth to continue through 2010.

The 24 firms tracked by C&EN reported that earnings soared 167% from last year’s first quarter on a jump in sales of 26%. Industry watchers had been expecting . . .

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Chemical & Engineering News
ISSN 0009-2347
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