Articles Tagged with ''financial reports''

For 2023, AmCoat’s Floor Shield brand has added 14 new dealers, helping the polyaspartic floor coating company post positive results over 2022 – a 33% increase.

According to the report, the company’s revenue across currencies was up 5% on pricing, despite flat volumes, while reported revenue was 4% down on unfavorable exchange rates.

According to the CEO, the domestic coatings business, decorative and industrial combined, registered a subdued 1.1% revenue growth in the quarter.

Reportedly, consolidated net sales increased 1.1% in the quarter to $6.12 billion. All comparisons are to the third-quarter of the prior year, unless otherwise noted. 

Tim Knavish, PPG Chairman and Chief Executive Officer, commented on the quarter, saying, “ We achieved record third-quarter net sales and adjusted earnings per share aided by the breadth and resiliency of our business portfolio."

Fiscal 2024 first-quarter adjusted EBIT was reportedly an all-time record and was in addition to strong growth in the prior-year period when adjusted EBIT increased 33.1%.

This is the 76th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004.

Consolidated sales in Q2/2023 totaled 269,232 million KRW, gross profit margin was 8.3%-points lower in Q2/2023 than in Q2/2022, and net profit in Q2/2023 was 11,956 million KRW.

Compared with the same period last year, adjusted EBITDA fell by 38 percent. Evonik already published preliminary figures for the second quarter on July 10.

The company showed a solid performance in the second quarter of 2023, despite adverse market conditions.