Cytec Announces Third Quarter 2010 Results

Cytec Industries Inc.

announced today net earnings for the third quarter 2010 of $37.7 million or $0.75 per diluted share on net sales of $837 million. Included in the quarter is a special item of $2.2 million of net expense after-tax or $0.04 per diluted share and is outlined further in this release. Excluding the special item, net earnings were $39.9 million or $0.80 per diluted share. Net earnings for the third quarter of 2009 were $12.5 million or $0.26 per diluted share on net sales of $740 million. Included in the quarter were several special items that totaled $15.1 million of net expense after-tax or $0.31 per diluted share. Excluding these special items, net earnings were $27.6 million or $0.57 per diluted share.