Ceramic Industry News / Advanced Ceramics

Ferro Annual Net Sales Rise 27%

March 8, 2011
/ Print / Reprints /
/ Text Size+

Ferro Corp. recently announced net sales of $537 million for the three-month period ended December 31, 2010, an increase of 17% from net sales of $458 million in the fourth quarter of 2009. Income from continuing operations improved to $2.9 million, compared with a loss of $12 million in the prior-year quarter. Adjusted income from continuing operations, excluding charges, was $21.5 million, compared with $10.9 million in the fourth quarter of 2009.

Net sales for the year ended December 31, 2010, increased to $2,102 million, up 27% compared with 2009. This is reportedly attributed to worldwide customer demand beginning to recover from the recent economic downturn and demand for solar pastes continuing to grow. Sales increased in all geographic regions. Increased sales of precious metals, including higher volumes and prices, accounted for $146 million of the overall growth in sales for the year.

“Ferro closed 2010 with a very strong performance in the fourth quarter,” said James F. Kirsch, chairman, president and CEO. “Sales increased by 17% during the quarter and were up more than 10%, excluding precious metals. Gross profit increased, and selling, general and administrative expenses declined as a percent of sales compared with the prior-year quarter. In addition, we continued our strong operating cash flow performance.

For additional details, visit www.ferro.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!


Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px