Crompton 1Q Profit Dips on Restructuring - Forbes.com

"Crompton Corp., a maker of specialty chemicals and polymer products, on Tuesday reported a lower quarterly profit as it undergoes a restructuring, but results still surpassed Wall Street expectations.

"First-quarter net income was $20.4 million, or 17 cents per share, compared to $61 million, or 53 cents per share, a year earlier. Profit included a 2 cent per share gain on a unit due to be sold. Sales were $589.7 million, up from $555.5 million last year. Net earnings from continuing operations for the quarter were $18.2 million, or 15 cents per share, which includes pretax charges of $3.2 million for antitrust costs and $200,000 for facility closures, severance and related costs." [Forbes.com]