in this issue
People & Business :: Companies
Ferro’s Sales and Profits Improve in the Fourth Quarter
9:11 AM MST | March 1, 2011 | Nancy Seewald
Ferro reported net income of $2.9 million in the fourth quarter 2010, compared with a loss of $12 million in the same period of 2009. The 2010 period included restructuring and impairment charges of $19.6 million due mostly to restructuring of manufacturing sites in Europe. Adjusted earnings from continuing operations, excluding charges, were 24 cts/share, compared with 14 cts/share in the year-ago period. Sales rose 17%, to $537 million, on higher sales of precious metals, volumes up 14%, improved product mix, and higher selling prices. Unfavorable foreign...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee