Business Roundup: Beam Reports Strong Third Quarter

Deerfield based Beam, Inc., reported a strong third quarter showing a profit as opposed to a loss during the same period last year as well as sales growth, according to a report on 4-Traders. 

Beam reported earnings of $0.57 per share for the quarter just ended against a loss for the same period in 2011 of $0.53 a year ago, according to 4-Traders. Sales grew at an 8 percent rate during the period and earnings are up 21 percent for the year. 

Another Deerfield based company, CF Industries, the world’s second largest producer of nitrogen, will invest $1.7 billion to expand a fertilizer facility at its Port Neal, IA, plant, according to a report in the Muscatine Journal. 

The project is expected to create 100 permanent new jobs and employ between 1,500 and 2,000 construction workers during the next two years, according to the Muscatine Journal story. 

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