Coatings World - April 2012

AkzoNobel’s sales volumes. These, together with certain raw materials, remain the key sensitivities in 2012.

H.B. Fuller reports first quarter 2012 results

H.B. Fuller’s acquisition of the Forbo Group’s industrial adhesives business was completed on March 5, 2012. In 2011, the acquired business generated net revenue of approximately $580 million, pre-tax operating income of approximately $25 million, and EBITDA of approximately $35 million. The acquisition was completed after the close of the company’s first quarter of the 2012 fiscal year and, therefore, will be reported in the company’s financial statements beginning with the second quarter of 2012.

Net income for the first quarter of 2012
was $15.3 million versus $14.4 million in
last year’s first quarter. Net revenue for the
first quarter of 2012 was $375.3 million, up
10. 5 percent versus the first quarter of
2011. Higher average selling prices and
higher volume positively impacted net rev-
enue growth by 8. 7 and 2.3 percentage
points, respectively said the company.

PPG reports sales up in fourth quarter PPG Industries reported net sales for the fourth quarter 2011 of $3.5 billion, an increase of four percent versus the prior year’s fourth quarter. Net income for the quarter increased to $216 million, or $1.39 per diluted share. Fourth quarter 2010 net sales were $3.4 billion, and net income was $205 million, or $1.24 per diluted share. CW

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