The third quarter results were affected by a number of non-routine items, but overall Ameron was pleased with the company’s core operations. “Core operations were comparable in the third quarter of 2004 and 2003,” said James S. Marlen, Ameron’s chairman, president and CEO.
For the first nine months Ameron’s sales were $435.6 million compared to sales of $433.6 million in the same period in 2003.
The performance coatings and finishes group had higher sales, but lower profits, as it continued to suffer margin pressures and weak market conditions. Sales increased in Europe and Australasia, but sales declined in the U.S. Both U.S. and European operations continued to struggle against weak demand for high-performance coatings used in chemical and industrial markets, according to the company. The U.S. offshore market also remained weak, while the marine