Crompton Corp. Results Up, Though Lubes Are Down
Crompton Corp. (Greenwich, CT) has issued results for 2000 showing net sales of $3.04 billion, up from $2.09 billion in 1999. Operating profit was at $268 million, up from the $1.3 million reported for the year prior. Net earnings were at $89.3 million (vs. a loss of $175.0 million in 1999), and basic earnings per share were $0.78 in 2000 (vs. a loss of $2.10/share in 1999).
Polymer products sales of $1.62 billion declined 2% from an adjusted $1.66 billion in 1999. Operating profit was down 14%, at $175.9 million. Included in this business are white oils and lubricants for plastics.
Specialty products sales of $1.41 billion represent a decrease of …