Our Specialty Engineered Materials, Performance Products & Solutions (PP&S) and Distribution (POD) segments all delivered record operating income, helping us to overcome a number of macro-economic challenges and weaker performance in Designed Structures & Solutions (DSS)." These associates led to a near-immediate impact in POD and PP&S where sales cycles are the shortest within the company, and both segments reported record operating income for the full year 2016. 

March 16, 2015 Operating Income Mix Shift*^ of O perating Incom e SPECIALTY DISTRIBUTION PP&S JV's *Operating Income excludes Corporate charges and special items ^2005–2009 has not been restated for subsequent changes in accounting principles or discontinued operations 100 80 60 40 20 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 PROOF OF PERFORMANCE Our values, strategy, and execution are clearly evident in our financial performance.

OnColor™ PProTint™ Colorants for Clarified PP PP Inhaler Roll Cap

which impacted Color, Additives and Inks (Color) and Specialty Engineered Materials (SEM), and a decline in construction related sales, which primarily impacted Performance Products and Solutions (PPS) in

Patterson said, "We've had a strong start to the year, driven by gains in Distribution and PP&S. 

PP

OnColor™ PProTint™ Colorants for Clarified PP PP Inhaler Roll Cap

Three of our businesses have already reached their 2015 margin targets with DSS and PP&S having line of sight to getting there this year," added Mr.

PP Inhaler Roll Cap

Taxes paid on gain on sale of PP&S divestiture