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Rohm and Haas Company Reports First Quarter 2004 Results
May 4, 2004 |Estimated reading time: Less than a minute
Philadelphia — Rohm and Haas Co. has reported first quarter sales of $1.8 billion, a 14 percent increase over the same period in 2003, reflecting strong demand in most businesses, along with the favorable impact of currencies.
Earnings of $114 million from continuing operations before cumulative effect of accounting change, or 51 cents per share, were up 39 percent compared with earnings of $82 million, or 37 cents per share, in the comparable period in 2003.
Sales in Electronic Materials of $302 million were up 19 percent over first quarter of 2003, reflecting higher demand across all business segments, with the largest growth occurring in the Asia-Pacific region. All three Electronic Materials businesses experienced strong growth in the quarter, driven by the advanced product lines. Earnings of $31 million were up 48 percent over the same period in 2003, attributable to the higher demand and cost efficiencies implemented in the past several years.
Rohm and Haas is a specialty materials company that makes products for the personal care, grocery, home and construction markets, and the electronics industry. For more information, visit www.rohmhaas.com.