US producer of custom polymer powders and film concentrates, ICO, Inc., has reported positive results for the third quarter ended June 30, 2005. 

Revenues increased $9.0 million or 13% to $75.8 million during the quarter compared with the same quarter last year. Higher selling prices primarily caused by higher resin prices and stronger foreign currencies led to the revenue increase. Offsetting these factors was the impact of lower sales and service volumes which declined 7% compared with last year, due to lower customer demand.

Gross profit improved to $12.7 million, up $7 million or 6% from the same quarter last year despite the lower sales and service volumes during the quarter. This was achieved through product price increases and managing raw material procurement. 

With 17 locations in 9 countries, ICO Polymers produces custom polymer powders for rotational moulding and other polymers segments, including textiles and metal coatings.