For the full year 2012, worldwide net sales rose 2% to $17.1 billion. Global unit volume grew 3.0%, pricing increased 3.0% and foreign exchange was negative 4.0%. Excluding divested businesses, global unit volume grew 3.5%. The Sanex acquisition contributed 0.5% to full year sales and volume growth. Organic sales grew 6.0%. Net income for the full year 2012 rose 4% to $2.5 billion.
Ian Cook, chairman, president and CEO, commented, “We are very pleased to have ended the year with another quarter of strong profitability. Gross profit margin, operating profit margin and net income as a percent of sales all increased versus the year ago period.”