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Last Updated Friday, October 9 2015

Sico Reports Excellent

Published August 10, 2005
Sico Reports Excellent
First Quarter Earnings
● For the three month period ended March 29, Sico, Inc. reported a
sales increase of 14.6% to $57.5 million. In addition to the
contribution of Betonel Ltee, acquired in Sept. 2001, and
the consolidation in sales of Sicorel Pinturas Industriales
S.A. de C.V., this performance is attributable to internal
growth of approximately 2.8%, according to the company.
Sales in the architectural sector, Sico’s core business,
rose 22.6% to $49.2 million. This increase stems from
Betonel’s contribution as well as internal growth in
retail and professional sales of national brand products
in Canada.
Sales in the industrial sector amounted to $8.3 million
compared to $10.1 million for the same period last year, as
a result of the economic slowdown in the U.S., according
to the company. ●

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