The Bottom Line for 2003: Expanding Economies, Restructuring Moves Help Drive Earnings and Sales Gains
Stronger economic expansions worldwide, industrial activity that appeared to be in recovery mode and recent cost-reduction and restructuring moves combined to give most major coatings manufacturers an improved bottom line for 2003.
For U.S.-based companies, the relative weakness of the dollar against overseas currencies also was cited by coatings producers as a plus in the profit equation for 2003.