TITLE

Wellman posts Q4 operating loss

AUTHOR(S)
Tan, Florence; Gibson, Jane
PUB. DATE
February 2007
SOURCE
ICIS Chemical Business;2/26/2007, Vol. 2 Issue 55, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Wellman posted a $9.6m operating loss in the fourth quarter (Q4) ended December 31, 2006, from a $47.9m loss in the same period a year ago, because of higher costs. Net sales in Q4 were up by 12.9% to $324.5m, but its costs of sales also increased by 20% to $318m, the polyethylene terephthalate producer said. For the flail year, Wellman deepened its operating loss to $62.4m from $37.5m a year ago.
ACCESSION #
24348733

 

Related Articles

  • Wellman Profits Fall in Quarter, Half.  // DNR: Daily News Record;7/28/97, Vol. 27 Issue 90, p4 

    The article reports on the 1997 second quarter profits of Wellman Inc., which declined 54.7 percent due to a pretax charge of 7.5 million dollars to restructure its Europe operations.

  • Wellman sales +10%.  // Chemical Fibers International;Apr2004, Vol. 54 Issue 2, p79 

    Reports that the polyester producer Wellman Inc. made a net loss from continuing operations of 96.7 million dollars in 2003 compared to a net profit of 26.4 million in 2002.

  • Wellman Considers Alternatives for Noncore Operations. Walsh, Kerri // Chemical Week;8/30/2006, Vol. 168 Issue 29, p11 

    This article explains that Wellman is exploring options to improve its operating performance, including "strategic alternatives for its noncore businesses," such as a possible sale of those businesses. The company did not specify which businesses it considers noncore, however. Wellman produces...

  • Wellman down in 3Q.  // Home Textiles Today;10/27/2003, Vol. 25 Issue 9, p17 

    Reports on Wellman Inc.'s posting of profit loss in the third quarter of 2003.

  • Wellman to Refinance Pearl River Project. Nielsen, Karol // Chemical Week;10/7/1998, Vol. 160 Issue 37, p8 

    Reports on the decision of Wellman to replace short-term debt with long-term financing to refinance Pearl River project. Rate assigned by Standard & Poor to the shelf registration filed by Wellman; Capacity of the Pearl River operations; Information on the expansion plan of Pearl River's...

  • cw75 stock performance.  // Chemical Week;7/14/2004, Vol. 166 Issue 23, p29 

    Reports on the performance of the stocks of chemical companies in the U.S. as of July 14, 2004. Percentage of the decline in specialty chemical stocks; Performance of basic chemical stocks; Impact of the involvement of Wellman Inc. in a price-fixing investigation of polyester staple fiber on...

  • CW 75 stock performance.  // Chemical Week;5/3/2006, Vol. 168 Issue 15, p29 

    The article reports on the stock performance of several chemical companies for the week ending April 26, 2006. Diversified chemical shares increased 2.7% on news of improved earnings and positive analysts' reports. Wellman topped the laggards' list on news that it reported a first-quarter loss....

  • Haslemere slips into the red for year to September.  // EG: Estates Gazette;11/15/2003, Issue 346, p40 

    Reports on the business losses of Haslemere, the British property company majority owed by a U.S.-Israeli consortium, in November 2003. Net losses reported; Factors that contributed to the losses.

  • Dynea secures future funding. Beacham, Will // European Chemical News;2/23/2004, Vol. 80 Issue 2088, p8 

    Reports on the negotiation of Dynea International with lenders to acquire a new credit facility. Net losses of the company; Value of the credit facility; Decline in its net interest expenses in 2003.

Share

Other Topics