Hexion Specialty Chemicals (Columbus, OH) has announced its preliminary results for the second quarter of 2009, which ended June 30. More detailed results will be released in mid-August.
The company expects sales to be approximately $950 million, with an operating loss of $31–16 million, and an EBITDA of $87–94 million. In the second quarter of 2008, the company had revenues of $1.67 billion, an operating loss of $107 million, and an EBITDA of $131 million.
The company says that its Q2 operating loss is expected to reflect costs related to the terminated Huntsman Corporation merger agreement and litigation, as well as impairment charges and restructuring costs from the company’s ongoing productivity program.
For more information, visit www.hexion.com.