Revenues declined as a result of unfavorable foreign exchange, lower selling prices in Distribution and Performance Products and Solutions due to lower hydro-carbon based raw material costs, and the ongoing integration of the former Spartech businesses. Thermoplastic composites include these base resins, but are combined with a structural filler such as glass, wood, carbon or polymer fibers to enhance strength, rigidity and structure.

Strong perforff mance in these segments helped to overcome several headwinds, including: lower selling prices in Distribution and PPS due to hydro-carbon based raw material deflatff ion; unfavff orable foreign exchange; a decline in demand in certain industries, such as oil and gas, heavy truck and agriculture; and weaker performance by our Designed Structures and Solutions (“DSS”) business.