MIAMI -- MacDermid reported net sales for its fourth quarter rose 47.7% year-over-year to $273.6 million.

For the three months ended Dec. 31, the net loss decreased to $10.1 million, compared to a loss of $205.2 million in the same period in 2013. Adjusted EBITDA margin was 26.7%, representing a record level.

The developer of PCB chemistry said organic net sales were $185.6 million, up slightly year-over-year despite facing a $5 million foreign exchange headwind as a result of the strengthening US dollar.

For the year, MacDermid's sales rose 13% to $843.2 million. On an organic basis, net sales rose 1.2% to $755.2 million. Net income was $300,000, compared to a net loss of $203.5 million in 2013. The adjusted EBITDA contribution for the year was $196.2 million, up 8.9% compared to last year.

MacDermid was acquired by Platform Specialty Products in October 2013.

Platform chief executive Daniel H. Leever said, "MacDermid delivered record top- and bottom-line results .... Importantly, we achieved these results in spite of currency headwinds and increased investments back into the business."

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