Milacron Inc., Cincinnati, OH, supplier of plastics-processing technologies and industrial fluids, reported a net loss of $6.9 million in the first quarter ended March 31.
Sales in the quarter were $203 million, up from $190 million. The increase was due almost entirely to favorable currency translation effects, primarily the weakening of the dollar vis-à-vis the euro and other currencies. New orders in the quarter were also $203 million, and the backlog of $134 million remained at a healthy level.
We continue to make solid progress in reducing our product costs as well as our overall cost structure,”said Ronald D. Brown, CEO. “The results of these efforts are showing up in improved manufacturing margins and operating earnings, despite difficult market …
Milacron Sales Up in 1Q
Milacron Inc., Cincinnati, OH, supplier of plastics-processing technologies and industrial fluids, reported a net loss of $6.9 million in the first quarter ended March 31.
Sales in the quarter were $203 million, up from $190 million. The increase was due almost entirely to favorable currency translation effects, primarily the weakening of the dollar vis-à-vis the euro and other currencies. New orders in the quarter were also $203 million, and the backlog of $134 million remained at a healthy level.
We continue to make solid progress in reducing our product costs as well as our overall cost structure,”said Ronald D. Brown, CEO. “The results of these efforts are showing up in improved manufacturing margins and operating earnings, despite difficult market …
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