The year-over-year increase was primarily attributed to net sales from the acquisition of Avintiv. Net sales by reportable segment are presented in the following table.
For the September 2016 quarter, the company had operating income of $151 million compared to $107 million in the same prior year quarter.
The 41 percent year-over-year increase was primarily attributed to the acquisition of Avintiv, a $22 million improvement in our product mix and price/cost spread including contributions from sourcing synergies, a $12 million decrease in selling, general, and administrative expenses, and a $9 million reduction in restructuring and business integration expenses.
These positive contributions were partially offset by a $16 million increase in depreciation and amortization expense, and a $6 million negative impact from currency translation. ■
What to read next