Company description

Fri, 12 Sep 2008 04:00:00 GMT

Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar®, Vista™, EnerLogic™, FormulaOne®, Gila®, V-KOOL®, Huper Optik®, IQue™, Sun-X® and Nanolux™ aftermarket performance films for automotive and architectural applications; Flexvue™ advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol® heat transfer fluids and Skydrol® aviation hydraulic fluids. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 worldwide locations

Comments & Business Outlook

Tue, 03 May 2011 04:00:00 GMT

First Quarter Highlights

Net sales of $509 million; a 14% increase from the same period in 2010
Basic and diluted earnings per share from continuing operations of $.54
Adjusted EBITDA of $135 million; a 9% increase from the same period in 2010
Adjusted Earnings per Share (Adjusted EPS) of $.50; a 43% increase from the same period in 2010
Debt pay down of $77 million
Full-year Adjusted EPS guidance increased to a range of $2.10 to $2.25 from the previous range of $1.95 to $2.20

"Solutia delivered another quarter of strong earnings despite an escalation in raw material costs, reflective of solid demand growth across all reporting segments and excellent operational performance," said Jeffry N. Quinn, chairman, president and chief executive officer of Solutia Inc. "The strategic improvements we have made to our portfolio and capital structure will allow for continued top- and bottom-line growth for the remainder of 2011."

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Company description

Comments & Business Outlook