Waterford, New York – Science-based solutions provider Momentive Performance Materials reported an operating income of $7 million (EUR 5.2 million) during this year’s third quarter versus an operating loss of $7 million in the same prior year period.
It recorded a net sales of figure of US$604 million, an increase of almost 6% on its 2012 third quarter sales of $571 million. This includes all of Momentive’s silicones businesses, including surfactants.
Third quarter 2013 operating income improved versus third quarter 2012 due to improved gross margins and a $10 million decrease in selling, general and administrative expenses.
The segment EBITDA was $55 million compared to $51 million in the prior year period.