Matt Miksic
Matt Miksic
bulk downside driven general gross higher lower margins offset tax
The bulk of the downside was driven by lower revenues, lower gross margins and higher (selling, general and administrative expenses), which was partially offset by a lower tax rate.
again benefits cost management overly plant potential pushing suspect viewed
The plant closings and consolidation make sense to us and should be viewed favorably by investors. We suspect that management is once again being overly conservative in pushing the potential cost benefits out to 2008.