Eastman Chemical Co. announced earnings from continuing operations of $1.40 per diluted share for the second quarter of 2012 versus $1.44 per diluted share for the second quarter of 2011, excluding $33 million of financing, transaction and integration costs in the second quarter of 2012 related to the acquisition of Solutia and a $15 million gain in the second quarter of 2011 from the sale of a previously impaired asset.
RPM International Inc. reported sharp gains in net sales, net income and diluted earnings per share for its fiscal 2012 fourth quarter and year ended May 31, 2012.
PPG Industries reported net sales for the second quarter 2012 of $4 billion. Net income for the quarter was $362 million, or $2.34 per diluted share, including nonrecurring charges.
Akzo Nobel N.V. (AkzoNobel) reported an eight percent increase in second-quarter revenue compared with the same period in 2011, mainly driven by pricing actions to offset higher raw material costs and currency effects.
OMNOVA Solutions Inc. announced income from continuing operations of $6.9 million, or $0.15 per diluted share, for the second quarter ended May 31, 2012. Net income for the second quarter was $7.0 million or $0.15 per diluted share.
