Rockwood Earnings: Everything You Must Know Now

Rockwood Holdings Inc. (NYSE:ROC) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Rockwood Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 44.72% to $0.68 in the quarter versus EPS of $1.23 in the year-earlier quarter.

Revenue: Rose 2.76% to $934.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rockwood Holdings Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company met the mean analyst estimate of $0.68. It beat the average revenue estimate of $908.67 million.

Quoting Management: Seifi Ghasemi, Chairman and Chief Executive Officer, commented, “Our Adjusted EBITDA result for the quarter, when excluding TiO2 pigments, was slightly ahead of last year and delivered a margin of 24%, aided by steady performance from our Lithium, Surface Treatment and Advanced Ceramics businesses. While the Performance Additives business was down from the prior year, we believe it should benefit over the course of 2013 given improving signs from U.S. remodeling and construction activities. Our overall first quarter Adjusted EBITDA results were negatively impacted by continued poor TiO2 pigments performance, which we expect to trough during the second quarter before turning profitable in the latter half of 2013.”

Key Stats (on next page)…

Revenue increased 12.74% from $829 million in the previous quarter. EPS increased 44.68% from $0.47 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.10 to a profit $0.98. For the current year, the average estimate has moved down from a profit of $4.02 to a profit of $3.70 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]