posted a sharp rise in second-quarter earnings as sales surged 18% from a year ago.
The Midland, Mich., company made $154 million in the second quarter ended June 30, up from $36 million a year ago. Revenue jumped to $1 billion from $852 million a year earlier.
"Second-quarter sales and earnings reflected growth across the geographies and industries we serve," said Chief Financial Officer J. Donald Sheets. "Our high-performance specialty chemicals and focused services continue to meet the needs of our customers in industries such as life sciences, electronics, semiconductors and solar energy."
The company, equally owned by
, emerged from Chapter 11 protection in June 2004 following a three-year stint in bankruptcy as a result of silicone-gel breast implant lawsuits.