One-time charges put Innophos in loss column

Cranbury, N.J.-Specialty phosphate maker Innophos Holdings Inc. reported a net loss of $2.1 million ($.10 per diluted share) on net sales of $169 million for the third quarter ending Sept. 30, compared to year-ago net income of $15.1 million ($.69 per share) and sales of $161.9 million. The drop was due in part to one-time charges ?Çô $11.7 million for future claims regarding Mexican water duties, and $7.1 million for call premiums and accelerated deferred financing charges related to refinancing. Nine-month net income was $25.9 million, down from the year-ago $63 million.