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TheStreet Open House

Chemtura Reports Third Quarter 2012 Financial Results

Stocks in this article: CHMT

Regulatory News:

Chemtura Corporation, (NYSE / Euronext Paris: CHMT) (the “Company,” “Chemtura,” “We,” “Us” or “Our”) today announced financial results for the third quarter ended September 30, 2012. We also filed with the Securities and Exchange Commission our Quarterly Report on Form 10-Q for the quarter ended September 30, 2012. For the third quarter of 2012, Chemtura reported net sales of $743 million and net earnings attributable to Chemtura on a GAAP basis of $9 million, or $0.09 per share. Net earnings attributable to Chemtura on a managed basis were $34 million, or $0.35 per share.

Third Quarter 2012 Financial Results

The discussion below includes financial information on both a GAAP and non-GAAP managed basis. We present managed basis financial information as management uses this information internally to evaluate and direct the performance of our operations and believes that managed basis financial information provides useful information to investors. A reconciliation of GAAP and managed basis financial information is provided in the supplemental schedules included in this release.

The following is a summary of third quarter 2012 financial results on a GAAP basis :

         
(In millions, except per share data)   Third Quarter
    2012   2011   % change
Net sales   $ 743   $ 773   (4%)
Operating income   $ 33   $ 45   (27%)
Net earnings attributable to Chemtura   $ 9   $ 9   0%
Net earnings attributable to Chemtura - per share   $ 0.09   $ 0.09   0%




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