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Solutia reports first quarter 2010 results

Post Time:Apr 27,2010Classify:Industry NewsView:117

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

Net sales of $466 million; an increase of 37 percentover 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 percentover 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.

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  • Source: http://www.glassmagazine.com/news-item/commercial/solutia-reports-first-quarter-2010-results123Author:

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