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COMPANY NEWS.(Crompton Corporation, WD-40 Company, Graham Packaging Company, Industrial Distribution Group Inc., sales)(Brief Article)(Statistical Data Included)
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 …
