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Arch Chemicals Inc (ARJ) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2006

Arch Chemicals Inc

CIK: 1072343 Ticker: ARJ

Exhibit 99
 
     
  Investor Contact:  Mark E. Faford 
    (203) 229-2654 
    mefaford@archchemicals.com 
     
  Press Contact: Dale N. Walter 
    (203) 229-3033 
    dnwalter@archchemicals.com

 
ARCH CHEMICALS REPORTS FOURTH QUARTER AND FULL-YEAR 2006 EARNINGS

Highlights:
 
·
Sales for the full-year 2006 increased 10 percent over 2005.
 
·
Operating margin for the HTH water products business increased to 8.7 percent in 2006.
 
·
Fourth quarter 2006 results include a $23.5 million impairment charge related to the write-down of goodwill associated with the industrial coatings business.
 
·
For the full-year 2007, sales are expected to grow by three to five percent and earnings from continuing operations are expected to be in the $1.90 to $2.00 per share range.

NORWALK, Conn., February 12, 2007 - ARCH CHEMICALS, INC.
(NYSE: ARJ) announced full-year sales of $1,434.7 million in 2006, a 10 percent increase, compared to $1,305.1 million reported in 2005. Included in the 2006 operating results is $24.3 million of non-recurring items, or $1.00 per share, principally for an impairment charge ($23.5 million). Excluding these items, earnings per share from continuing operations grew to $1.61 on $39.2 million of income for 2006. Including these items, earnings per share from continuing operations were $0.61 for 2006 on $14.9 million of income.

Segment operating income was $78.2 million in 2006 compared to $80.2 million in 2005. Included in the 2005 segment operating income was a $10.2 million gain on the sale of the Planar Solutions joint venture. Excluding the gain on sale, segment operating income was $70.0 million in 2005.
 

The following information was filed by Arch Chemicals Inc (ARJ) on Monday, February 12, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
Ticker: ARJ
CIK: 1072343
Form Type: 10-K Annual Report
Accession Number: 0001193125-07-040715
Submitted to the SEC: Tue Feb 27 2007 12:14:34 PM EST
Accepted by the SEC: Tue Feb 27 2007
Period: Sunday, December 31, 2006
Industry: Chemicals And Allied Products

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