By: Ted Dann, President & CEO
Last Holiday Season I commented on the natural year end assessment that most of us undertake – a good honest look in the mirror with a view towards recognizing our strengths and weaknesses and improving.
As we look back and view the reflection in the ACH mirror, in the overall we have done reasonably well in 2012. Revenues are up significantly from 2011, and profitability is acceptable. Throughout 2012 we have battled raw material costs that have risen significantly throughout the year. It appears likely that no relief from this particular inflationary pressure will come soon.
Even with the challenge of rapidly rising raw material costs, ACH has achieved many of its goals throughout the year:
- Our Balance Sheet is the strongest it’s ever been.
- ACH has reinvested in plant and equipment to secure our future ability to compete.
- ACH has significantly improved our product offerings across the company, and will continue this improvement in the New Year.
- ACH has been able to continue to provide our employees with wages and benefits that allow them, our most valuable assets, to look after themselves and their families.
As ACH has developed its goals and objectives for 2013, we have been mindful of the fact that we are and will continue to operate in a less than vibrant economic environment. Thus we are careful in everything we do. We have plans for growth and expansion in measured ways across ACH, and expect 2013 to be productive and satisfying - a growth year.
No fancy motorcar under the ACH Christmas Tree again this year, but “The relentless pursuit of perfection” continues.
Merry Christmas, Happy Holidays and a Happy and Prosperous New Year to all of our customers, friends, colleagues, and partners in commerce.
