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The company reported a profit of $12.4 million in the first quarter.
Year-to-date sales decreased 17.2 percent year-over-year.
Business is not aligned with new strategic and financial goals.
The company reported a loss of $4.7 million in the first quarter.
Year-to-date sales decreased 17.3 percent year-over-year.
Company also plans to sell remaining Asia Pacific operations.
The company reported a loss of $38.1 million in the first quarter.
Manufacturer will exit operations in Asia Pacific and Africa to focus on development in North America, Latin America and Europe.
North America sales down 15.6 percent in first quarter.
Profit was $15.6 million.
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In North America, volume increased 10 percent from the prior quarter.
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Year-over-year volumes decreased in each of the geographic regions served by the diversified industrial company.
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