26.07.2011 • News • Solutia • Q2 2011 • sales and profits

Solutia Q2 Profit Rises

Solutia Monday reported second-quarter net income attributable to the company of $68 million or $0.56 per share, compared to $41 million or $0.34 per share last year.

Adjusted earnings for the quarter increased to $69 million or $0.57 per share, compared to $53 million or $0.44 per share in the prior year period. On average, six analysts polled by Thomson Reuters expected earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 8% to $543 million from $502 million in the same period last year. Looking forward, the company maintained its adjusted earnings guidance range of $2.10 to $2.25 for the full year. Analysts currently expect $2.21 per share for the full year.

 

Interview

Stability in Motion
Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

Top-Feature

most read