Headlines / News / Finished Adhesives and Sealants / Raw Materials and Chemicals

Despite Sales Drop, Income Rises for Momentive in Second Quarter

August 19, 2013
/ Print / Reprints /
ShareMore
/ Text Size+

Momentive Performance Materials Inc. recently announced results for the second quarter ended June 30, 2013. The company reported net sales of $610 million, compared to $627 million in the prior year period. Operating income for the second quarter was $10 million, vs. an operating loss of $24 million in the prior year period.

“Our results continue to reflect the slower growth environment and global economic volatility we continue to experience,” said Craig O. Morrison, chairman, president and CEO. “Second quarter 2013 segment EBITDA also reflected $6 million in unplanned manufacturing issues. Second quarter 2013 silicones segment EBITDA totaled $63 million compared to $59 million in the prior year period, a 7% increase, reflecting pricing actions, mix shift and our cost reduction initiatives.”

For additional information, visit www.momentive.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40