Ethyl Corp., Quaker Chemical Corp. and the industrial fluids business of Milacron all recorded sales surges for the first quarter of 2004. Profitability, though, was more of a mixed bag. Ethyls jumped, Quaker Chemicals rose moderately and earnings for the Milacron segmentfell.
Ethyl reported Friday that it had $5.8 million in earnings from continuing operations for the quarter ended March 31, compared to a loss of $100,000 during the same period of 2003. Net income for the first quarter of 2003 was $16.3 million, including $14.8 million from the sale of the companys phenolic antioxidants business, and the company had no non-recurring items for the first quarter this year.