Calumet Specialty Products Partners L.P. posted net income of $2.5 million for the quarter ending June 30, compared to a net loss of $8.3 million in 2014s second quarter.

The Indianapolis-based companys second quarter sales reached $1.1 billion, down 21.4 percent from $1.4 billion.

First-quarter sales volumes for specialty products rose to 27,916 barrels per day, compared to 25,296 b/d in the year-earlier quarter. Lubricating oils topped 15,005 b/d, up from 10,952 b/d. Packaged and synthetic specialty products declined to 1,605 b/d, from 1,913 b/d. Other second-quarter sales volumes included 1,513 b/d for waxes and 8,359 b/d for solvents.

Calumet continues to make progress on a project designed to more than double the production capacity of its Louisiana, Missouri, esters plant from 35 million to 75 million pounds per year, the company stated in its earnings news release. We expect this project to be completed during the third quarter 2015. Esters are a key base stock used in the aviation, refrigerant and automotive lubricants markets.

Clean Harbors

Norwell, Mass.-headquartered Clean Harbors said its oil rerefining and recycling business segment posted $99.1 million in third-party revenues for the second quarter, down 31.2 percent from $144 million a year earlier. Third-party revenues represent the refining groups sales of base oil, blended and reclaimed fuel oil and a small amount of byproducts. In its earnings presentation, the company attributed the decrease to lower base oil and blended products pricing.

During an Aug. 11 quarterly earnings conference call, Clean Harbors Chairman and CEO Alan McKim said the Oil Rerefining and Recycling segment revenue decline from a year earlier was expected, noting that Safety-Kleens posted Group II pricing stands at $2.35 a gallon versus $3.45/gal a year ago.

Despite the greater than a $1 drop in base oil pricing, we still generated increased profitability in Q2, and margins were up significantly from a year ago, McKim said in the call. Our results were also in sharp contrast with Q1, when we were still flushing higher pay-for-oil inventory through our plants. Our blended sales in the quarter were below our expectations as we continue to rely heavily on our distributor network and government sales.

The company announced last December that its Safety-Kleen rerefining business was eliminating its pay-for-oil program and replacing it with either a zero-pay or charge-for-oil rate structure, citing adverse conditions in the base oil marketplace.

Milacron

Cincinnati-based Milacron Holdings Corp.s Industrial Fluids segment, which supplies metalworking and industrial fluids, posted operating earnings of $3.8 million, up 40.7 percent from 2014s second quarter.

The segment reported sales of $29.6 million for the second quarter, down 8.6 percent from $32.4 million a year ago. Excluding $3.6 million of unfavorable effects attributed to currency movements, sales increased 2.5 percent, the company noted. Sales were driven by growth in the European automotive market and in Mexico, Milacron stated in its earnings news release.