Solutia reports first quarter 2010 results

Glass Magazine
April 27, 2010
COMMERCIAL, FABRICATION

Solutia, St. Louis, reported its first quarter 2010 results, according to an April 26 release. First quarter highlights:

  • Net sales of $466 million; an increase of 37 percent over the same period last year
  • Loss per share from continuing operations of $.49
  • Adjusted diluted EPS from continuing operations of $.33
  • Record Adjusted EBITDA of $120 million; an increase of 114 percent over the same period last year
  • Increasing Adjusted EBITDA guidance for the year to a range of $480 million to $500 million, cash from continuing operations less capital spending to a range of $150 million to $175 million, and providing full year Adjusted EPS from continuing operations guidance of a range from $1.40 to $1.50.

 Read full release.