Articles Tagged with ''financial results''

The company recorded third-quarter net sales that were up 0.4% from the prior year. The company expects the next quarter consolidated sales to be approximately flat compared to prior-year record results.

The company saw a decline in sales, however strengthened business through various acquisitions and investments. 

In a year that surpassed expectations, Hempel achieved historic-high organic revenue growth. 

The loan from the European Investment Bank will be used to finance research and development activities at the company, which firmly integrated sustainability into all elements of its corporate strategy in 2022.

The results show a solid year, and Q4 confirms positive momentum in margin expansion and deleveraging efforts that are expected to continue in 2024. 

"We delivered significant year-over-year cash flow improvement in 2023, including a strong fourth quarter finish, which underscores our ongoing prioritization of working capital management," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. 

Highlights of the report include a 12% volume growth and 5.5% value growth in the company's Decorative Business segment in addition to showing a consistent double-digit volume growth trend on a four-year CGR basis.

After record-high fourth quarter net sales, full-year highlights also include record sales of $18.2 billion; aided by 3% organic sales growth.

For the full year, sales grew to a record $23.05 billion with a consolidated net sales increase of 4.1%.

In the third-quarter of 2023, Westlake achieved quarterly net sales of $3.1 billion, quarterly net income of $285 million and quarterly EBITDA (earnings before interest expense, income taxes, depreciation and amortization) of $682 million.