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More on Rockwood Q2: Net income drops 86% on one-time items

Aug. 05, 2013 7:58 AM ETRockwood Holdings, Inc. (ROC-OLD) StockROC-OLDBy: Yigal Grayeff, SA News Editor
  • Rockwood (NYSE:ROC): Net income -86% to $32.3M from $224.9M last year, which included a tax benefit of $125.8M. This year included charges of $25.5M, mostly connected to the $1.98B sale of the company's CeramTec advanced ceramics business.
  • Rockwood expect its Lithium & Surface Treatment businesses to continue to show growth in H2 and maintain strong margins.
  • Believe its Titanium Dioxide business will achieve a turn-around with adjusted EBITDA margins exceeding 10%. (previous) (PR)

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