There have been 15 US Big Chemical Corps, with Pretax Earnings above $100 mil each in either the 4Q 2011 or in the 4Q 2010, have released their 4Q 2011 earnings. Valhi has a decent chance to also make this earnings threshold, but it hasn't released its December 2011 quarter earnings yet, and thus it hasn't been included below.
These 15 Big US Chemical Corps, registered a total Pretax Earnings increase of a very nice 13% in the 4Q 2011. On the downside, this is a marked deceleration from the very robust earnings growth of these 15 Big Chemical Corps in the 3Q 2011.
Below here are these 4Q 2011 Pretax Earnings (PTI) of these 15 Big US Chemical Corps, along with a comparison with the prior year's quarter amounts.
.........................................................................Increase
.............................................PTI........PTI.......(Decrease)
.............................................4Q.........4Q..................
...........................................2011......2010....Amount....%
.............................................(millions of dollars)
Mosaic(1).............................855........621........234.....38%
CF Industries.......................797........385........412...107%
Praxair................................580........477........103.....22%
DuPont(2)............................422........405..........17.......4%
Air Products&Chem(3).........392........401..........(9).....-2%
Dow Chemical.......................354........646......(292)...-45%
LyondellBasell(4).................272........592......(320)...-54%
Monsanto.............................204..........24........180...750%
Sigma Aldrich.......................159........128..........31.....24%
Eastman Chemical(5)............149........136..........13.....10%
FMC......................................131........(17)........148..-871%
Terra Nitrogen LP.................130..........66..........64.....97%
Albemarle.............................127........105..........22.....21%
Westlake Chemical..................39........129.........(90)...-70%
Scotts Miracle-Gro...............(116)......(104).......(12)...-12%
Total all 15.........................4,495......3,994.......501.....13%
(1) Mosaic 2010 PTI excludes Gain on Sale of Equity Investment.
(2) DuPont 2010 PTI excludes Loss on Debt Extinguishment.
(3) Air Products & Chemicals 2010 PTI excludes Loss on Airgas Transaction.
(4) LyondellBasell 2011 PTI excludes Loss on Debt Extinguishment and Berre Refinery Closure Costs Charge.
(5) Eastman Chemical 2010 PTI excludes Loss on Debt Extinguishment.
