Bankrupt and Distressed (BAD) Research and Due Diligence

[Madclown]

CEMJQ Chemtura Submits March 2010 Monthly Operating Report

Chemtura Corp and related Debtors in Posession released their March 2010 MOR today. The Debtors reported a net loss of $25 million and EBITDA of $15 million, net of one-time charges. The EBITDA does not consider the effects of the operations of the non-debtor subs which are not consolidated on a court filed MOR. The investment in sub account increased by $7 million and equity in earnings of sub came in at $5 million.

The debtors reported a net decrease in Liabilities Subject to Compromise of $28 million which was largely attributable to a $45 million reduction in post-retirement medical benefit obligations. The Debtors also reported that $4 million of the depreciation and $4 million in charges related to asset retirement obligations was on an accelerated basis due to the idling of the Flame Retardant plant in Eldorado, Arkansas.


http://chemturaresearch.blogspot.com/2010/04/chemtura-submits-march-2010-monthly.html