Ceramic Industry News

Ferro Reports 2006 Financial Results (3/27/07)

March 27, 2007
/ Print / Reprints /
/ Text Size+

Ferro Corp. recently announced that its sales for the year ended December 31, 2006, were a record $2.04 billion, up 8.5% from 2005. Sales for the fourth quarter were $497 million, an increase of 8.6% from the fourth quarter of 2005. Income from continuing operations for 2006 was $20.6 million, or $0.45 per diluted share, compared with $17.1 million, or $0.37 per share, in 2005.

In 2006, operating income included net pre-tax expenses of $34.9 million, primarily related to previously announced manufacturing rationalization activities and costs associated with an accounting investigation and restatement. In 2005, operating income was reduced by pre-tax expenses of $14.1 million, primarily related to expenses from restructuring and the accounting investigation and restatement. Sales for the first quarter of 2007 are expected to be approximately $500 million to $525 million, reflecting continued growth across multiple business segments.

Additional details are available at 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

April 2014 Issue Highlights

Our April 2014 issue is now available!


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI July 2014

2014 July

Our annual Data Book & Buyers' Guide is your best resource for suppliers of materials and equipment for the ceramic, glass, brick and related industries. Check it out!

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