(Reuters) - Results for 2007 included a pretax rationalization charge of $1.1 million, or 2 cents per diluted share net of tax. In 2006 results included a pretax rationalization charge of $2.2 million, or 3 cents per diluted share net of tax.
The impact of 2006 acquisitions, continued focus on cost reductions, improving manufacturing efficiencies and the recovery of significant cost inflation experienced over the past year translated into significant profit improvement during the first quarter, said Tony Allott, president and chief executive.
Read more at Reuters.com Market News
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