Spartech Corporation Reports 15% Increase in Sales for Fiscal Second Quarter
May 11 2004 - 9:28AM
PR Newswire (US)
Spartech Corporation Reports 15% Increase in Sales for Fiscal
Second Quarter ST. LOUIS, May 11 /PRNewswire-FirstCall/ -- Spartech
Corporation announced today preliminary net sales of slightly more
than $285 million for its second quarter ended May 1, 2004. This
represents a 14-15% increase over last year's comparable second
quarter ($250 million) and the first time the Company's sales have
exceeded $275 Million in any single quarter. Spartech Chairman,
President & CEO, Bradley B. Buechler, stated, "Our volumes were
consistently strong throughout the second quarter with each month's
sales exceeding both prior year actuals and our aggressive monthly
budgets. The 14-15% increase in sales was split roughly 70-75% from
internal growth and 25-30% from new additions to our family of
plastics processing companies. Backlogs remain strong as we move
into our third quarter with solid orders being placed by our
packaging, transportation and recreation & leisure customers.
We will be reporting our complete second quarter results on
Thursday, June 3, 2004." Spartech Corporation is a leading producer
of engineered thermoplastic materials, polymeric compounds, and
molded & profile products, which has 47 facilities located
throughout the United States, Canada, Mexico, and Europe, with
annual production capacity and sales of more than 1.3 billion
pounds and nearly $1 billion, respectively. Safe Harbor For
Forward-Looking Statements Statements contained herein which are
not historical facts are forward- looking statements within the
meaning of the Securities Act of 1933 and the Securities Exchange
Act of 1934 which are intended to be covered by the safe harbors
created thereby. For a summary of important facts which could cause
the Company's actual results to differ materially from those
included in, or inferred by, the forward-looking statements, refer
to the Company's Form 10-K for the fiscal year ended November 1,
2003, which is on file with the Securities and Exchange Commission.
DATASOURCE: Spartech Corporation CONTACT: Bradley B. Buechler,
Chairman, President and Chief Executive Officer, or Randy C.
Martin, Executive Vice President and Chief Financial Officer, both
of Spartech Corporation, +1-314-721-4242 Web site:
http://www.spartech.com/
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