Welcome Guest to Coatings World    Login || Register
Last Updated Friday, October 9 2015


Published August 10, 2005
For the three-month period ended June 28, 2002, sales of Sico
Inc. rose by 10.9% to $80.4 million. Earnings for the quarter
were recorded at $6.3 million compared with $5.2 million
last year, an increase of 21.1%.
Sales in the architectural sector rose 15.3%. According
to Pierre Brodeur, Sico’s president and CEO, integration
of Bètonel Ltèe, acquired in Sept. 2001, helped the growth
in the company’s results significantly.
Results for the industrial sector continued to be
adversely affected by the recession that has prevailed for
the past year in the North American transportation and
specialized equipment industry, according to the company.
For the six-month period, Sico posted a 12.4% increase
in sales, to $137.9 million. The company posted net earnings
of $7.9 million, up 51.1% over the $5.2 million posted
over the same period last year. This is the best six-month
period ever for Sico, according to the company.
Sales in the architectural sector rose 18.2% to $119.2
million under the combined effect of the Bètonel acquisition,
organic growth in sales of national brand products
in the retail market and a solid sales increase by the professional
sales sector in both Quebec and Ontario, according
to the company. Sales of private-label paints
decreased, however, due to a reduction in sales to a major
retail customer.
Sales in the industrial sector registered $18.7 million, a
14.3% decline from last year, due to the economic slowdown
affecting the North American coatings industry.
This was somewhat offset by a reduction in operating
expenses, according to the company

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Follow Coatings World On