Arch Chemicals Q4 net income surges to $6.2m as sales rise

03 February 2011 14:08  [Source: ICIS news]

LONDON (ICIS)--Arch Chemicals’ net income surged to $6.2m (€4.5m) in the fourth quarter from $2.7m for the same three-month period in 2009 on the back of a rise in sales, the US-based specialty chemicals company said on Thursday.

Sales for the fourth quarter of 2010 were $311.7m, up 6% from $293.4m in the period ended 31 December.

Quarterly segment operating income was $6.4m in 2010, compared with $3.9m in 2009.

Arch Chemicals said it expected full-year 2011 sales to increase by approximately 5-7% as a result of strong organic growth from its biocides businesses, partially offset by a modest decrease in sales in the non-biocides businesses.

“Operating margins increased by 120 basis points for the year, and we are on target to expand operating margins to exceed 10% by year-end 2013," said chairman, president and CEO Michael Campbell.

($1 = €0.72)

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By: Hilde Ovrebekk
+44 20 8652 3214

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