Polymer Group posts sales increase in Q2 and first half 2006
Gross profit was $36.5 million in the second quarter compared with $41.9 million in the prior year period.
For the six months ended July 1, sales were $509.1 million, up $28.9 million, or 6%, from the same period in 2005. The company's year-to-date gross profit was $79.7 million compared with $85.9 million for the prior year six-month period.
The company also reported that each of the three new capacity installations initiated in late 2004 and 2005 are complete and at various stages of start-up.