Interviews
News Flash
PGI experiences top line growth in Q1
14 May '10
4 min read
First Quarter Results
Net sales for the first quarter of 2010 were $280.6 million compared with $210.0 million for the first quarter of 2009. The increase was due primarily to additional volume in the company's Nonwovens segment from the acquisition of the Spain business and increased sales volumes in Latin America and Asia, partially offset by a decline in the U.S. from consolidation initiatives in the carded business. Oriented Polymers' volumes improved from the depressed levels experienced a year ago. Net sales also benefitted from a higher sales/mix due to price increases resulting from the higher raw material costs in the first quarter of 2010 and a larger portion of medical sales in Asia. Foreign currency changes increased sales by approximately $3.5 million as most currencies were stronger against the U.S. dollar during 2010 compared with 2009.
Click here for more details.
Net sales for the first quarter of 2010 were $280.6 million compared with $210.0 million for the first quarter of 2009. The increase was due primarily to additional volume in the company's Nonwovens segment from the acquisition of the Spain business and increased sales volumes in Latin America and Asia, partially offset by a decline in the U.S. from consolidation initiatives in the carded business. Oriented Polymers' volumes improved from the depressed levels experienced a year ago. Net sales also benefitted from a higher sales/mix due to price increases resulting from the higher raw material costs in the first quarter of 2010 and a larger portion of medical sales in Asia. Foreign currency changes increased sales by approximately $3.5 million as most currencies were stronger against the U.S. dollar during 2010 compared with 2009.
Click here for more details.
Polymer Group Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
