Cincinnati-based Milacron Holding Corp.s Fluid Technologies segment posted operating earnings of $5.9 million for the fourth quarter, up 40.5 percent from $4.2 million in 2016s fourth quarter.
For full year 2017, the Fluid Technologies segment reported $20.7 million in operating earnings, up 19 percent from $17.4 million in 2016.
The segment, which supplies metalworking and industrial fluids, posted sales of $31 million for the fourth quarter, up 10.7 percent from $28 million. For the full year ending Dec. 31, sales amounted to $121.2 million, up 7.4 percent from $112.9 million for full year 2016.
In its earnings presentation, Milacron said its Fluid Technologies segments solid fourth quarter and full year sales growth occurred across all major regions, particularly in Europe and Asia. Sales to the automotive, industrial machinery and consumer goods markets all posted solid fourth quarter and full year growth versus the prior year.