CLEVELAND -- OM Group announced third quarter sales at its Specialty Chemicals unit rose slightly due primarily to stronger sales volumes in electronic chemicals, driven by increased demand for consumer electronics. For the period ended Sept. 30, the unit's revenue was up 1.8% to $81.6 million.

Specialty Chemicals segment also saw operating profits rise 27% year-over-year to $10.2 million.

The company's overall sales for the period were $266 million. Adjusted EBITDA was $32 million, excluding $2 million of charges related to cost-reduction initiatives and the results of its divested Advanced Materials cobalt business.

"Our third quarter performance highlights our ability to deliver solid results despite continued soft economic conditions in many of our key markets," said Joe Scaminace, chairman and chief executive. "Our portfolio of value-added businesses is more predictable, and we have more levers we can pull to create value.  Throughout this year, we have developed and executed cost-reduction initiatives to improve productivity and increase profits, returns and cash flow."

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