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Philadelphia — Rohm and Haas announces that sales for the second quarter are expected to be 8 to 10 percent higher than the same period in 2002, driven by the favorable impact of currencies, acquisitions made in 2002 and selling price increases, while volume is expected to be flat, at best.
Earnings for the second quarter are expected to be a net loss in the range of $6 million to $12 million or 3 cents to 6 cents per share, as compared to second quarter 2002 earnings from continuing operations of $92 million or 41 cents per share. This loss includes approximately $95 million after tax, in restructuring and asset impairment charges due to changes in current expectations.
Rohm and Haas is a specialty materials company that makes products for the electronics industry, among others. For more information, visit www.rohmhaas.com.