During the quarter, interest and financing expenses were $9.5 million versus third quarter 2006 expenses of $10.8 million. Research and development expenses increased $3.9 million, or 34 percent, from the same period last year.
Our third quarter 2007 effective income tax rate on a reported basis was 15.4 percent, which includes a benefit from recently enacted lower tax rates in Germany. The full year reported effective tax rate is expected to be approximately 21.5 percent.
The Company's performance for the third quarter ended September 30, 2007 will be discussed on a conference call at 10:00 AM Eastern Daylight Time on October 23, 2007, which can be accessed through Albemarle's website under Investor Information at http://www.albemarle.com.
Albemarle Corporation, headquartered in Richmond, Virginia, is a leading global developer, manufacturer and marketer of highly-engineered specialty chemicals for consumer electronics; petroleum and petrochemical processing; transportation and industrial products; pharmaceuticals; agricultural products; construction and packaging materials. The Company operates in three business segments, Polymer Additives, Catalysts and Fine Chemicals, and serves customers in approximately 100 countries.
Some of the information presented in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although we believe our expectations as
|SOURCE Albemarle Corporation|
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