2010年8月31日星期二

Georgia Gulf reviews next Quarter 2010 economic Results

  Georgia Gulf reported net product sales of $735.7 million to the next quarter of 2010, 40 % increased compared to net product sales of
$524.3 million reported inside next quarter of 2009. The product salesimprove is mainly because of increased product sales costs in
vinyl resins and aromatics services and greater volumes, partially offset by decrease caustic
soda
product sales prices.
  The corporation reported working earnings of $37.9 million to the next quarter of 2010 in comparison with working earnings of $5.1
million to the next quarter of 2009. The next quarter of 2010 consists of $0.4 million of pre-tax restructuring fees as nicely as the
next quarter of 2009 consists of pre-tax property impairment and restructuring fees of $20.0 million.
  "I am pleased with Georgia Gulf's enhanced economic efficiency throughout the next quarter of 2010. Our outcomes reflect the
considerable work by our workforce to enhance efficiency and placement ourcorporation to provide good outcomes in spite of a modest
financial and real estate recovery," stated Paul Carrico, President and CEO of Georgia Gulf. "I am especially pleased using
the considerable profitability improvements within our constructing services companies considering that the commencing of 2008. This
segment is now a very much much more considerable and predictable contributor to our Company. Wecarry on to become targeted on even more
building our durability as an integrated chemical compounds and constructing services business," he concluded.
  Chlorovinyls
  In the Chlorovinyls segment, next quarter 2010 product sales greater to $300.8 million from $232.0 million throughout the next quarter
of 2009. The improve in product sales was mainly because of increasedPVC product sales prices, partially offset by decrease caustic
product sales prices. The segment posted working earnings of $36.2 million in comparison with working earnings of $24.4 million
throughoutidentical quarter inside before year. The next quarter of 2009 consists of $1.9 million of property impairment and
restructuring charges, even though the next quarter of 2010 consists of $0.5 million of restructuring charges. The improve in working
earnings was mainly because of increased ECU values inside recent quarter in comparison for the next quarter of 2009. In addition,
slightly enhanced PVC margins inside nextquarter of 2010 have been realized because of ethylene price decreases outpacing PVC price tag
decreases, partially offset by an unplanned turnaround.
  Building services
  In the constructing services segment, product sales have been $243.2 million to the next quarter of 2010, in comparison with $216.3
million throughout identical quarter inside before year. product sales over acontinuous currency foundation greater five percent. The
improve in product sales reflects enhanced problems in North American real estate and building markets, especially in Canada. The
segment's workingearnings was $18.7 million to the next quarter of 2010, in comparison with an working great loss of $7.6 million
throughout identical quarter inside before year. The next quarter of 2009 consists of pre-taxproperty impairment and restructuring fees
of $18.1 million even though the next quarter of 2010 consists of $0.1 million of net restructuring income. The considerable improve in
working earnings is mainly the end result of increased volumes and costs in inclusion to the advantage from many price decline
initiatives.
  Aromatics
  In the Aromatics segment, product sales greater to $191.6 million to the next quarter of 2010 from $76.0 million throughout the next
quarter of 2009. throughout the next quarter of 2010, the segment recorded anworking great loss of $7.8 million, in comparison with
working earnings of $7.9 million throughout identical quarter in 2009. The reduce in working earnings was because of expenditures
associated to somescheduled phenol plant turnaround and decrease margins resulting from raw elements costs slipping through the quarter.
  Liquidity
  As of June 30, 2010, the corporation experienced $35.2 million of money on hand in inclusion to $198.3 million of borrowing capability
out there below its property dependent bank loan facility. throughout thenext quarter of 2010 liquidity enhanced $58.0 million when in
comparison with liquidity in the finish on the initial quarter of 2010. As of March 31, 2010, the corporation experienced $47.9 million
of money on hand and $127.6 million of borrowing capability out there below its property dependent bank loan facility.
  Financial claims Update
  On August 5, 2010 Georgia Gulf filed a recent statement on type 8-K indicating how the Company's economic claims for specific
periods before to March 31, 2010 ought to no lengthier be relied upon because ofmistakes associated for the economic assertion
provisions for earnings taxes to the many years 2007 via 2009. The corporation is inside procedure of preparing restated economic claims
for specific periodsbefore to March 31, 2010. traders ought to evaluation the type 8-K for much more detail.
  The corporation does not anticipate these restatements to influence its money taxes for before periods, its previously reported
adjusted EBITDA, or materially alter its anticipated money taxes in 2010.
  Due for the continuing procedure of preparing restated economic claims for specific before periods, the corporation has offered only
chosen economic info tables on this press release, which includescomparative economic data, how the corporation believes will not be
impacted through the pending restatements for earnings taxes of specific historical economic statements.

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