Slide 28 of 42
Notes:
GLOBAL ADHESIVES REDUCED ITS OPERATING EXPENSES BY $3.3 MILLION, AND INCREASED ITS OPERATING EARNINGS FROM 7.6 PERCENT TO 9.4 PERCENT.
WE CONTINUED TO RATIONALIZE OUR PRODUCT LINE; OVER THE LAST TWO YEARS, WE HAVE REDUCED OUR PORTFOLIO OF MANUFACTURED PRODUCTS BY MORE THAN 50 PERCENT, ENABLING OUR OPERATIONS TO RUN MORE EFFICIENTLY. AS YOU HEARD EARLIER, WE ARE, AT THE SAME TIME, INTRODUCING NEW PRODUCTS THAT FIT OUR STRATEGY OF REACHING A BROADER CUSTOMER BASE ACROSS APPLICATIONS AND REGIONS.
