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Printed Circuit Design & Fab Magazine

PHILADELPHIA– Rohm & Haas Co. has released its third-quarter results. Despite the acquisition costs by Dow and a busy hurricane season, sales in all of its business segments were healthy. Third-quarter income rose nearly 2%.

“Our coordinated and prompt response to rapidly changing conditions and our timely pricing and cost reduction actions gained significant traction in the quarter, allowing us to largely offset rising raw material and energy costs,” explained Raj Gupta, chairman and CEO.

Net income was reported at $131 million, or $0.67 per share. That marks a $2 million increase over the 2007 figures. Revenue showed a 12% increase, coming in at $2.20 billion.

Its global sales climbed, with the biggest jump happening in Latin America. Revenue in that area rose 24% to $125 million. The electronic materials group reported a 14% increase in sales.

Dow is set to purchase Rohm & Haas for a final price of nearly $18.8 billion. Dow will retain the corporate name for an advanced materials business unit. Two directors will join Dow’s board.

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