Constar International Inc. Announces Third Quarter Financial Results.

Business Wire › November 03, 2004

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Constar International Inc. Announces Third Quarter Financial Results.

PHILADELPHIA -- Constar International Inc. (NASDAQ: CNST) today announced its financial results for the third quarter ended September 30, 2004.

Third Quarter Results

Net sales in the third quarter grew to $224.5 million, a 13% increase over the $198.9 million reported for the 2003 third quarter. The growth was driven by increased shipments of conventional and custom products, the pass-through of higher resin prices and strengthening foreign currency rates. These increases were partially offset by price reductions implemented to extend key customer contracts and meet competitive pricing.

Gross profit in the third quarter improved to $13.0 million co...

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