Highlights include:
- Net sales of $506.8 million decreased 5% compared to the prior year period. When adjusted for foreign exchange, divestitures, and SKU rationalization, net sales decreased 1%.
- Gross margin of 20.8%, a 180 basis point increase from the prior year period.
- Operating income of $9.2 million compared to an operating loss of $20.9 million in the prior year period.
- Net income of $1.9 million compared to a net loss of $31.8 million in the prior year period.
- EBITDA of $24.9 million compared to $12.2 million in the prior year period.
- Earnings per diluted share of $0.02 compared to a loss of $0.31 per share in the prior year period.