Solutia Reports Second Quarter 2010 Results

Date: 28 July 2010
Source: Solutia
ST. LOUIS– July 26, 2010 Second Quarter Highlights Net sales of $518 million; an increase of 26% over the same period last year Record Adjusted EBITDA of $134 million; an increase of 40% over the same period last year Adjusted diluted EPS from continuing operations of $.44 Raising 2010 free cash flow guidance Novomatrix and Vistasolar® EVA acquisitions completed, integration underway Note: See reconciliation tables below for adjustments made to GAAP financial measures and discussion of items affecting results. “In the second quarter, Solutia once again delivered strong financial performance through growth in emerging markets, a continued focus on operational excellence, and adherence to a culture of cost discipline,” said Jeffry N.

Quinn, chairman, president and chief executive officer of Solutia Inc. “During the quarter, focusing on products that serve the renewable energy market, positioning our diverse set of businesses to capitalize on improving demand, and completing two highly synergistic acquisitions also strengthened Solutia’s global leading market positions across our entire portfolio.”

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600450 Solutia Reports Second Quarter 2010 Results

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