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Cytec announced net earnings for Q4, 2011 of US$41.6M (US$48M yr-on-yr) or US$0.88/diluted share (US$0.95 yr-on-yr) on net sales of US$731M (US$700M yr-on-yr). Earnings from continuing operations attributable to Cytec were US$40.7M or US$0.81/diluted share. Earnings from discontinued operations were US$7.3M or US$0.14/diluted share.
Included in the quarter were several special items that totalled US$6.1M of net income after-tax. Excluding special items and earnings from discontinued operations, net earnings from continuing operations were US$34.6M or US$0.69/diluted share.
