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Chemtura Reports Third Quarter 2012 Financial Results

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

(In millions, except per share data)   Third Quarter
    2012   2011   % change
Net sales   $ 743   $ 773   (4%)
Operating income   $ 69   $ 46   50%
Net earnings attributable to Chemtura   $ 34   $ 21   62%
Net earnings attributable to Chemtura - per share   $ 0.35   $ 0.21   67%

CEO Remarks

“We delivered a compelling performance in the third quarter of 2012 despite the lackluster economic environment with managed basis net earnings per share increasing by 67% and Adjusted EBITDA up by 24% compared to the third quarter of 2011,” commented Craig A. Rogerson, Chairman, President and CEO of Chemtura. “Each of our segments met or exceeded prior year Adjusted EBITDA. Perhaps of greatest significance, Adjusted EBITDA for the twelve months ended September 30, 2012 was $413 million, which is a record high for this portfolio of businesses since the formation of Chemtura.”

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