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Solutia Reports First Quarter 2009 Results
Date:5/6/2009

--------- ----------- Three One Two Months Month Months Ended Ended Ended March 31, March 31, February 29, 2009 2008 2008 ---- ---- ---- Net Sales $339 $182 $335 Cost of goods sold 258 156 241 --- --- --- Gross Profit 81 26 94 Selling, general and administrative expenses 50 22 42 Research, development and other operating expenses, net 4 2 3 --- --- --- Operating Income 27 2 49 Interest expense (a) (37) (17) (21) Other income (loss), net (1) (1) 3 Reorganization items, net -- -- 1,433 -- -- ----- Income (Loss) from Continuing Operations Before Income Tax Expense (11) (16) 1,464 Income tax expense (benefit) (7) -- 214 --- -- --- Income (Loss) from Continuing Operations (4) (16) 1,250 Income (Loss) from Discontinued Operations, net of tax (155) (14) 204 -----
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SOURCE Solutia Inc.
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