Table of Contents
bromine based products in
Asia, insulation foam products in Europeand certain organometallic products were lower than in the second quarter of 2012, pricing in the quarter stabilized at the levels seen towards the end of the first quarter of 2013. We experienced some increase in raw material costs which we were unable to recover due to demand conditions. Our manufacturing cost base was stable despite shutdowns at one of our major organometallics plants to facilitate capacity expansion. Net sales decreased by $35 millionto $201 millionfor the second quarter of 2013 reflecting a $24 milliondecrease in sales volumes, $10 millionin lower selling prices and $1 millionfrom unfavorable foreign currency translation. Operating income of $13 millionin the second quarter of 2013 was $25 millionlower than the second quarter of 2012. The decrease in operating income reflected the lower selling prices, an $11 milliondecrease in sales volume and unfavorable product mix and $3 millionin unfavorable manufacturing costs and variances. Consumer Products Our Consumer Products segment increased operating income to $21 millionin the second quarter of 2013 compared with $20 millionin the second quarter of 2012, despite lower sales in 2013. Sales volume was impacted by a slow start to this year's pool season and unseasonable cold and wet weather in North Americaand Europeas the quarter progressed. Margins benefited from lower raw material and manufacturing costs and some reduction in SG&A and R&D (collectively "SGA&R") costs. Net sales decreased by $13 millionto $145 millionfor the second quarter of 2013 compared to the same quarter in 2012 due to a $12 milliondecrease in sales volume and $1 millionin lower selling prices. Operating income reflected $3 millionin lower manufacturing costs, a $2 millionreduction in raw material costs and a $2 milliondecrease in other costs, offset by a $5 millionimpact from lower sales volume and unfavorable product mix and the slightly lower selling prices. Chemtura AgroSolutions Our Chemtura AgroSolutions segment generated higher net sales and operating income for the second quarter of 2013 compared with the same quarter in 2012. Despite a slow start to the quarter due to the prolonged winter in the Northern hemisphere, the segment delivered a record quarter. North Americaled the growth, seeing strong demand for our miticide products, followed by Latin America. Chinaalso saw strong growth while Europewas at comparable levels to the second quarter of 2012 due to unseasonably wet conditions. Operating income reflected the benefit of an increase in selling prices and higher sales volumes offset by higher manufacturing costs and slightly higher SGA&R costs.