Arch Chemicals Reports Full-Year 2003 Earnings from Continuing Operations of $0.67 Per Share.

Extract

---

Arch Chemicals Reports Full-Year 2003 Earnings from Continuing Operations of $0.67 Per Share.

Business Editors

NORWALK, Conn.--(BUSINESS WIRE)--Feb. 10, 2004

ARCH CHEMICALS, INC. (NYSE: ARJ)

Highlights:

-- Treatment sales for the fourth quarter increased approximately

36 percent over the prior year's quarter.

-- Sales for the full-year 2003 increased approximately 11

percent over full-year 2002.

-- For the full-year 2004, sales are expected to grow by eight to

ten percent and earnings per share are expected to increase in

excess of 50 percent.

ARCH CHEMICALS, INC. (NYSE: ARJ) announced full year sales of $1,009.1 million in 2003 compared to $905.6 million in 2002. Operating income was $39.1 million in 2003 compared to operating income of $25.0 million in 2002. Earnings per share from continuing operations were $0.67 for 2003 on $15.1 million of income compared to $0.28 per share on earnings of $6.3 million in 2002. Full year earnings per share were $1.21 for 2003 on $27.4 million of net income compared to $0.13 per share on $3.0 million of net income in 2002. Included in operating results is restructuring income of $0.6 million or $0.02 per share for 2003. 2002 includes restructuring expense of $7.6 million or $0.20 per share.

"In 2003 we were able to seize upon significant growth opportunities in our core businesses and in reducing our costs," said Chairman, President and CEO Michael E. Campbell. "We particularly benefited from improved performance by our HTH Water Products business and strong demand for biocides used in marine paints, antidandruff shampoos and building products. In addition, we achieved substantial growth in...

See the full content of this document

---