On October 27, 2008 Hercules Incorporated ("Hercules") reported its third quarter 2008 results. A news release detailing the third quarter financial performance, dated October 27, was issued by Hercules and is furnished as Exhibit 99.1 hereto and incorporated by reference herein.

The news release includes presentations of earnings before interest and taxes ("EBIT") and earnings before interest, taxes, depreciation and amortization ("EBITDA"), both of which are non-GAAP financial measures. EBIT and EBITDA are measures commonly used by the capital markets to value enterprises. Interest, taxes, depreciation and amortization can vary significantly between companies due in part to differences in accounting policies, tax strategies, levels of indebtedness and interest rates. Excluding these items provides insight into the underlying results of operations and facilitates comparisons between Hercules and other companies. In addition, EBITDA is considered a reasonable approximation of gross cash flow and is one of the measures used for determining debt covenant compliance. Management believes that EBIT and EBITDA information is useful to investors for these reasons. These measurements are not recognized in accordance with GAAP and should not be viewed as alternatives to GAAP measures of performance.

The table below provides a reconciliation of EBIT and EBITDA to net cash provided by operations for the nine months ended September 30, 2008 and 2007:

                                                                    Nine Months Ended
                                                                       September 30
                                                                    2008          2007
Income before income taxes, minority interests and equity
income                                                           $    136.2     $   143.5
Interest and debt expense                                              53.6          52.0
EBIT                                                             $    189.8     $   195.5
Depreciation and amortization, net of amortization of debt
issuance costs                                                         75.4          80.3
EBITDA                                                           $    265.2     $   275.8
Cash paid for income taxes, net of refunds received                   (17.5 )       189.3
Cash paid for interest                                                (51.1 )       (47.6 )
Other operating cash flows, net                                       (61.4 )      (170.0 )
Net cash provided by operations                                  $    135.2     $   247.5

The news release also includes presentations of earnings from ongoing operations, which is a non-GAAP financial measure. Management believes that earnings from ongoing operations is meaningful to investors and the credit markets because it provides insight into the underlying operating results of the Company by excluding the effects of recent divestitures, restructuring and severance charges, changes in accounting principles and other significant discrete items. This measurement is not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance.

The information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, unless the registrant expressly states otherwise.

(c) Exhibits

99.1 News Release of Hercules Incorporated dated October 27, 2008