Materials
Specialty Chemicals
$32.44B
24K
Key insights and themes extracted from this filing
The company's net sales for the year ended December 31, 2024, were $12.4 billion, up 3% from $12.1 billion for the year ended December 31, 2023, due to a 2% increase in volume and a 3% increase in portfolio, partially offset by 1% decreases due to local price and product mix as well as currency.
Electronics & Industrial net sales were $5,930 million for the year ended December 31, 2024, up 11 percent from $5,337 million for the year ended December 31, 2023. Operating EBITDA was $1,717 million for the year ended December 31, 2024, up 17 percent compared with $1,472 million for the year ended December 31, 2023 primarily due to volume growth, the impact of higher production rates in Semiconductor Technologies and Interconnect Solutions, savings from restructuring actions and the earnings contribution from the Spectrum and Donatelle Plastics acquisitions partially offset by higher variable compensation and select growth investments.
Water & Protection net sales were $5,423 million for the year ended December 31, 2024, down 4 percent from $5,633 million for the year ended December 31, 2023 due to a 2 percent decline in volume, and 1 percent declines related to local price and product mix and unfavorable currency impacts.