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Cytec Industries reduces full year 2008 earnings guidance
10 Oct '08
4 min read
As a first step, the third quarter is expected to include a restructuring charge of about $5 million relating to a reduction of approximately 40 employees principally in Specialty Chemicals.
While we are confident in the long-term growth rates of our principal product lines, we must take the decisive action during these difficult times to deliver greater results to our investors and to ensure we remain a strong company able to invest in our future.”
Cytec Industries will report the third quarter 2008 results after the close of the market on Thursday, October 16. Further details will be provided in that report and in the third quarter earnings conference call on Friday, October 17 at 11am ET.
While we are confident in the long-term growth rates of our principal product lines, we must take the decisive action during these difficult times to deliver greater results to our investors and to ensure we remain a strong company able to invest in our future.”
Cytec Industries will report the third quarter 2008 results after the close of the market on Thursday, October 16. Further details will be provided in that report and in the third quarter earnings conference call on Friday, October 17 at 11am ET.
Cytec Industries Inc
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