Marketing + Technical Info

Marketing + Technical Info

Marketing + Technical Info

Marketing + Technical Info

Marketing + Technical Info

Marketing + Technical Info

We have invested heavily in composites, barrier technologies and other sustainable solutions, thus improving our end market diversification.  These investments have built resiliency in our portfolio and are helping to overcome the soft demand conditions in certain regions and end markets," Mr. 1)  Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures, including adjustments related to contingent consideration; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.

Organic revenues increased 17% to $1.16 billion driven by strong demand across all segments, with the most significant growth in healthcare and consumer end markets This is a direct result of the investments we have made to transform our portfolio to one that is more specialized and focused on high growth end markets with sustainable solutions," said Our EPS projections for 2021 are 61% higher than 2019 because of the resiliency of our portfolio, the end markets we serve and how we have executed during these challenging times,"

Sales into these end markets increased 3% and 7% respectively during the quarter.  Our recent efforts to expand our portfolio in less-cyclical, more specialty technologies has been a source of strength for us, as other markets have been significantly impacted by global lockdowns and stay-at-home orders," Mr.  Pension settlement gain and mark-to-market adjustment

Composite sales increased 10% organically driven by new business in consumer and electrical end markets.  Patterson said, "We believe the current market challenges are temporary, and we will see a recovery in the second half of the year.  While we are encouraged and optimistic, we are not waiting for market improvement to unfold.