Ferro Corporation (Ferro) produces specialty materials that are sold to a broad range of manufacturers who, in turn, make products for many end-use markets. Company’s broad portfolio of product offerings include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings. Ferro’s products are primarily categorized into two business lines which include functional coatings, which perform specific functions in the manufacturing processes and end products of its customers; and color solutions, which provide aesthetic and performance characteristics to its customers’ products. Company’s products are manufactured in approximately 51 facilities around the world.
During the fiscal year ended December 2017, company’s net sales increased $251.5 million, or 22.0%, compared with 2016. This net sales increase was primarily driven by higher sales in Color Solutions, Performance Colors and Glass and Performance Coatings of $111.2 million, $73.2 million and $67.0 million, respectively.
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