Solutia Reports First Quarter Results for 2012May 10th, 2012 | Category: Industry News
Solutia released financial reports for the first quarter of 2012 and the news for film is good. The net sales for the first quarter is $85 million which is an increase of $9 million from the first quarter in 2011. The company attributes the increase to the Southwall acquisition and strong sales in Asia and North America.
The company’s earnings before interest, tax, depreciation and amortization, decreased by $3 million compared to the first quarter of last year. The company’s report attributes this decrease to “increased raw material costs and higher manufacturing costs.”