Ferro Sees Net Sales Jump 22% in 2017
For the full year of 2017, Ferro’s net sales reached nearly $1.4 billion, an increase of 22% over 2016.
Ferro Corp. recently reported results for the fourth quarter and full year ended December 31, 2017. Net sales in the 2017 fourth quarter increased 34.2% to $377.5 million, compared to the fourth quarter in 2016. Organic sales growth for the 2017 quarter was 9.2% on a constant-currency basis. For the full year of 2017, Ferro’s net sales reached nearly $1.4 billion, an increase of 22% over 2016. On a constant-currency basis, sales growth in 2017 was 7.3%.
The company’s reportable segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Headquartered in Mayfield Heights, Ohio, Ferro has approximately 5,680 associates globally.
For more information, visit www.ferro.com.