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Rohm and Haas Updates Sales Guidance

Published: 29 November 2007
 by Staff
PHILADELPHIA – Rohm and Haas today updated its expected 2007 guidance and outlook for 2008.
 
The company expects 2007 sales of approximately $8.8 billion, with growth in the fourth quarter of approximately 9 to 10% over the prior-year period.

Earnings will be adversely impacted by the price of raw materials, which increased $60 million over the same period in 2006.  The company has increased prices to cover these added raw material costs, and expects to have new pricing in place to cover further cost escalations by the beginning of first quarter 2008.

For the full-year 2008, the company forecasts a sales increase of approximately 14%. “Our 2008 outlook is positive,” notes Raj L. Gupta, president and CEO.
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