Detrex Q1 Profit Rises

4/19/2012 12:52 PM ET

Chemicals and lubricants maker Detrex Corp. (DTRX.PK) Thursday said its first-quarter profit from continuing operations increased to $726 thousand or $0.42 per share from $627 thousand or $0.39 per share in the year-ago quarter.

The recent first quarter includes a $16.9 million gain on sale of the company's plastic manufacturing subsidiary. Net income was $17.6 million compared to $1.2 million last year.

First-quarter revenues were $12.3 million, up 6.5 percent from $11.5 million last year reflecting improved demand for domestic lubricant additives.

Click here to receive FREE breaking news email alerts for Detrex Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 74 Articles

Editors Pick

Adobe Profit Tops Estimate

Publishing and design software maker Adobe Systems Inc. said Tuesday after the markets closed that its second quarter profit fell 66% from last year, hurt by lower revenue as well as higher costs and expenses. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations and its quarterly revenue was in line with analysts' forecast.

Stocks Show Strong Upward Move Ahead Of Fed Announcement - U.S. Commentary

Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory.

Boehner Indicates Immigration Bill Must Have Majority GOP Support

In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.