Koppers income jumps 78% in Q1
Pittsburgh-based Koppers Holdings, a manufacturer of carbon compounds and treated wood lumber, showed sales remained essentially flat for first quarter of 2010, but net income increased 78% for the three-month period ended March 31.
The company reported income of $7.3 million, up from $4.1 million as reported for the same period last year.
Sales for the quarter were $274.3 million, up slightly from $272.7 million for the same period in 2009.
The company said it saw sales for its carbon materials and chemicals business jump 19% as global markets begin to show improvement.
“I was very pleased with the performance of our Carbon Materials and Chemicals business, as it achieved stronger positive results compared with the prior year,” said Walter Turner, president and CEO of Koppers. “We see signs that global end-market demand is increasing for most of our products and are optimistic that continuing economic recovery will lead to stronger trends later this year and into 2011,” he added.
LED light competition turns on
General Electric has plans for an Energy Smart LED light, expected to be available later this year. The company said it can provide light for a child’s lamp from birth through high school graduation.
Weekly Circular Roundup
Theme of the Week
This week in national print ads, Sears is in the garage, Lowe’s is in the garden, and Home Depot goes for the pros. On the local end, a Firestone, Colo., Ace store is featuring deals on outdoor living with savings on outdoor benches and chairs, canopies, sealants, pest control and even birdbaths.
• A Lexington park bench for $49.99 at Ace;• Owens Corning R13 fiberglass insulation for $8.98 at Home Depot; and• Craftsman 19.2-volt two-drill kit for $119.99 at Sears.
The Skinny: Menards Made in the USA Sale
This week, Eau Claire, Wis.-based Menards is featuring a “Made in the USA Sale,” with 20 pages of deals on products made right here in the U.S. of A. Not only that, but each product is listed along with what city and state the product is manufactured in, including M&M’s (made in Hackettstown, N.J.).