Resolution Performance Products LLC announces Q3 results
Nov 08, 2004
Resolution Performance Products LLC, the manufacturer and developer of epoxy resins, has reported its financial results for the third quarter of 2004.
The third quarter results include total revenues of $245 million, operating income of $8 million and EBITDA of $20 million. Total revenues increased $56 million, operating income increased $7 million, and EBITDA increased $7 million as compared to the third quarter of 2003. Compared to second quarter 2004 results, total revenues increased $5 million, operating income increased $4 million, and EBITDA increased $4 million.
"During the third quarter, across the board improvement in product pricing offset a portion of the raw material increases we have experienced over the past several quarters," said Marvin O. Schlanger, Chairman and CEO of Resolution Performance Products. "Nevertheless, EBITDA is still not at a sustainable level and additional price increases are being implemented to improve margins in the face of persistently high feedstock costs," added Mr. Schlanger.