Rockwood reports Q1 operating income of $91.5m

15 May 2006 17:29  [Source: ICIS news]

HOUSTON (ICIS news)--Specialty chemicals maker Rockwood Holdings said on Monday its first-quarter 2006 operating income reached $91.5m, up from the year-earlier total of $72.5m.

The company cited strong demand across all its businesses for the higher income. Four of the company segments - electronics, specialty chemicals, advanced ceramics and Groupe Novasep - reported improved earnings for the quarter.

Net income for the three months ending 31 March was $40m compared with $38.3m during the same time frame in 2005. The 2006 first-quarter includes income of $10.5m related to net non-recurring and other special items, the company said.

Analysts with JPMorgan rated the Princeton, New Jersey-based company "neutral" and said it expected Rockwood's shares to trade up on Monday. Rockwood stocks were trading at $23.47 Monday morning on the New York Stock Exchange.

By: Joseph Lohan
+1 713 525 2653

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