Results for the December 2005 quarter reflect APAC's continuing focus on incorporating increases in raw material and energy costs into its sales prices and more favorable weather conditions.
Results for the December 2005 quarter also include a $10-million gain from the transfer of property subject to eminent domain, as well as a $4-million loss on fuel hedges. At Dec 31, 2005, APAC's construction backlog, which consists of work awarded and funded but not yet performed, was $1.9 billion, up 12 percent over the same period last year.
Ashland Inc is a Fortune 500 chemical and transportation construction company providing products, services and customer solutions throughout the world.
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