Higher selling prices lifted sales and core business earnings, but restructuring expenses, inventory costs and uneven segment performance complicated the quarter.
Recent forecasts point to sustained coating-additives demand as sustainability, industrial investment and performance requirements shape purchasing and product development.
Grand View Research projects 6.5% annual growth for coating additives, with sustainability, infrastructure investment and higher performance expectations helping shape the market outlook.
The specialty minerals supplier promoted a longtime executive to lead the company, which serves paints, industrial coatings and other formulated-material markets.