St. Louis Plastic Maker Moves Into Black

Photo courtesy of Creative Commons
Spartech Corp. reported net earnings of $2.6 million in its fiscal year ended Nov. 3, compared to a net loss of $21.1 million in fiscal 2011, mostly because it had $40.5 million in goodwill impairments in 2011 and none in 2012.

The St. Louis plastic maker’s net sales also increased 4 percent to $1.15 billion in fiscal 2012, compared to fiscal 2011. The CEO said Spartech is on track to complete the pending merger with PolyOne.

Read more on St. Louis Business Journal.

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