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Hansen Quarterly 2019 Report: Total full-year revenue of EPS, phenolic and coating resins was $1.88 billion!

 Last Update: 2020-10-20
 Source: Internet
 Author: User

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Recently, Hansen Corporation of the United States released its fourth quarter 2019 report. Net sales for the fourth quarter totaled $
760 million
, down 16% from $904 million
the same
. This is mainly due to the weakness of the market for the company's underlying epoxy business and the decline in raw material

.
total net sales for the
were $
.
, down 11% from $3.
billion a year
.
Craig A. Rogerson
Chairman, President and CEO
Our fourth quarter 2019 results reflect improved overall earnings in the epoxy, phenolic and coating resin divisions, as well as the positive impact of our ongoing productivity program. I would also like to thank our employees in China, who have handled the challenges posed by the coronavirus outbreak well. Despite a good start to 2020, we will clearly see the impact across the supply chain and with our customers in the first quarter, with the full impact of 2020 yet to be determined.
net sales of epoxy, phenolic and coating resins were $417 million in the fourth quarter of 2019, down 14.8 percent from $490 million in the third quarter of 2018.link to the original website:

.

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