Boston, MA 03/04/2014 (wallstreetpr) – Rockwood Holdings, Inc. (NYSE:ROC) has reported that its adjusted earnings for the fourth quarter are substantially higher for the fourth quarter, due to the continued operations. The company which is one of the leading names in the production of a variety of rare and niche inorganic chemicals has reported the change of status in earnings following the results announced for two of its lead products.
Products lead the march forward
Rockwood Holdings, Inc. (NYSE:ROC) has since declared that two – Surface Treatment, as well as Lithium applications, have helped the chemical producing company led to a consolidation in its market segment. The company has noted that the availability of funds at a much lesser interest rate too has been absorbed by the year-on-year operations. The company has already established a net income, which it prefers to call as shareholder contribution, to the region of $499.8 million. The rise is $6.69 per share. The rise has been from the previous $21 million or $0.26 per share over the past year. Besides the company has risen to $506.7 million gain in sales, if the operations were found to have discontinued in operations on a yearly comparison.
Rockwood Holdings, Inc. (NYSE:ROC) reported that the continued operations earning has decreased from $14.8 million, which is at $0.20 per share to $28. 3 million;$ 0.35 per share, last year. However, the present adjusted earnings which are part of the continuing operations is $39.5 million, which is $0.53 per share. It has reported $35.6 million, indicating a record increase by $0.44 per share over the year.
Rockwood Holdings, Inc. (NYSE:ROC) with its unique industrial-purpose chemical with commercial gain has proved to be a success. The focus is on various chemicals which help in the government leading to titanium dioxide pigments, clay-based additives as well as iron-oxide pigments. The company has been on a restructuring spree- with Ceram Tec sale in late 2013. This was followed by ALTAMA acquiring one of Rockwood Holdings, Inc. (NYSE:ROC) rheology business line.
