Chemtura AgroSolutions sales up 13% in Q3 of 2011

Date:11-03-2011

The recovery in European demand continued to benefit Chemtura AgroSolutions segment. Net sales increased $12 million or 13% primarily to $105 million in the third quarter of 2011, due to increased sales volume. Sales improved in all regions, except Asia Pacific. Operating profit on a managed basis increased $2 million due to higher sales volume and lower SGA&R expense. On a GAAP basis, operating profit increased $5 million as 2010 was impacted by a $3 million unfavorable legal settlement.

The first nine months sales were up 14.2% to $290 million, and operating profit jumped by 108% to $25 million.

Chemtura AgroSolutions sales result ($million)
Q3 ended Sept. 30th	Q3 2011	Q3 2010	% change	Nine months 2011	Nine months 2010	% change
Sales	105	93	+12.9	290	254	+14.2
Operating profit	11	6	+83.3	25	12	+108.3