Rohm and Haas Updates Sales Guidance
Published: 29 November 2007
by Staff
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.
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.
