These cross bonds prevent the individual chains from slipping, thus preventing plastic flow when heat is added. If excessive heat is added to the thermoset elastomer after the cross-linking is complete, the polymer is degraded rather than melted.

added, "Last year, we substantially expanded our composite offerings with the acquisition of Dyneema®, the world's strongest fiber™, and I'm pleased to report integration is progressing exceptionally well. added, "We are focused on executing our long-term strategy while we manage in the downturn.

Patterson added, "When you consider that 35% of the revenue from these two segments is in Europe, this is truly exceptional performance.  Patterson added, "Beyond 2015, we see tremendous growth upside as we continue to execute our four-pillar strategy and complete the integration of Spartech. 

added, "In addition, our 2024 safety performance represented the safest year in company history and evidenced that we'll continue to build upon the many proven foundational strengths of dollar," added added, "Despite the near-term uncertainties in the macro environment, we remain focused on what we can control: staying close to our customers and executing our strategy.

Revenue increased 8% to $883 million, primarily driven by 6% organic growth with acquisitions adding approximately 2% The company reported organic sales growth of 6.1% while acquisitions added 2.3%. Patterson added, "I am pleased with these results considering that higher raw material and freight costs and weaker foreign currencies negatively impacted us in the quarter. 

Revenue increased 9% to $3.5 billion driven by organic growth of 5%, as acquisitions contributed 3% and foreign currency added 1% Patterson added, "Overall, I am incredibly pleased with our performance this year when considering that we incurred significantly higher raw material and logistics costs.  Patterson added, "Most importantly, we will continue to focus on executing our four-pillar strategy so that we can serve our customers with excellence and deliver for them and our shareholders over the long term."

Three of our businesses have already reached their 2015 margin targets with DSS and PP&S having line of sight to getting there this year," added Mr. Richardson added, "With liquidity of $475 million and a net debt to EBITDA of 1.9x, we have ample financial capacity to pursue strategic acquisitions, invest in innovation and continue our share repurchases and dividends." Patterson added, "I am confident we will deliver another year of strong double-digit adjusted EPS growth in 2015, and I look forward to further expanding on our Platinum Vision for 2020 with investors in May."

Patterson added, “Profitability expansion continues to be at the heart of our specialty transformation, and this quarter was no exception. Patterson added, “Specialty Engineered Materials, Performance Products and Solutions and Distribution also posted impressive profitability gains. Patterson added, “At our Investor Day in May, we highlighted several key drivers of our future growth, most notably innovation and collaboration across our businesses.

Newlin added, “Since our specialty transformation began, we have worked tirelessly to overhaul our culture and portfolio of businesses to better serve our customers with new and unique specialty solutions. Spartech added $0.12 to our adjusted earnings per share this year, driven primarily by a reduction in duplicate public company costs, better utilization of manufacturing assets and mix improvement.” Patterson added, “In many ways, the expansion of Spartech’s profitability is a replay of how we improved PolyOne in our transformation, only faster.

Patterson added.  Important new technologies have also been added through strategic acquisitions.  We did all of this, while our net debt to adjusted EBITDA ratio remains modest at 2.5x," added Mr.