PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Cytec Sees Q2 Loss, But Debt Reduced

Monday, August 17, 2009

Comment | More

Cytec Industries Inc. (Woodland Park, NJ), a specialty chemical manufacturer, announced a $24.8 million net loss for the second quarter of 2009. The net loss for the past six months was $24.9 million. However, the company has reduced its outstanding debt by $95 million in Q2 and by $110 million in the year to date.

Results on a segment basis are as follows.

• Coating Resins: Sales decreased by 38% to $295 million with an operating loss of $19.2 million. Overall selling volumes were down by 30% versus Q2 2008; however, sales in Q2 2009 were approximately 20% higher than Q1 2009.

• Additive Technologies: Sales fell by 30% to $63 million with operating earnings decreasing by $3.1 million. Overall selling volumes were down 27% versus Q2 2008.

• In Process Separation: Sales declined by 23% to $58 million and operating earnings decreased to $2.1 million. Sales volumes were down 24% versus Q2 2008.

• Engineered Materials: Sales were down by 21% to $178 million and operating earnings fell to $22.1 million. Selling volumes decreased by 22%.

• Building Block Chemicals: Sales decreased by 34% to $91 million and operating earnings declined to $1.9 million.

   

Tagged categories: Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

NLB Corporation
VacLance cleans up as you work

Add vacuum recovery to any NLB rotating water jet lance with a VacLance attachment and vacuum source. Model DM32283 works vertically, horizontally and in corners.


Blastox/The TDJ Group, Inc.
Blastox - One Step
Lead Abatement

Don't waste $$ on added labor steps with other methods. Don't mix, meter or apply at the job-site. Avoid strict hazardous waste rules.
Let your painters paint!


Mitsubishi Gas Chemical America
Performance Amine 1,3-BAC

A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.


DRYCO
DEHUMIDIFICATION FOR
ANY SIZE PROJECT!

Temporary climate control equipment. Dehumidifiers,
Heaters, A/C, Power, More…
Toll Free: 866-379-2600


KTA-Tator, Inc. - Corporate Office
KTA Analyzes
Coating Failures

• Field Diagnosis
• Lab Diagnosis
• Determination of Cause
• Recommendations
www.kta.com
800-245-6379


MMLJ
Superfast Dustless Abrasive Blasting - Watch Video

Dustless Blasting creates no dust plume so others can work nearby unaffected. Maximize Productivity! Watch our numerous YouTube videos to learn more.


DeFelsko Corporation
PosiTector Dew Point Meter

Measures and records
environmental conditions
during surface prep and
painting. 4 Models
Available – Standard
or Advanced features,
Built-in or Separate probe.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com