date:Apr 03, 2013
was $24.3 million on sales of $364.6 million, which compared with $31.1 million and $362.5 million, respectively, in the year-ago period.
As expected, our industrial business had a slower start to the year, Mr. Wilson said. Compared to a 13% rate of sales growth in the first quarter of 2012, industrial business sales declined 2% in the first quarter of 2013. Demand has been weak in certain markets, including quick-service restaurants in the U.S. and China, although we expect some recovery in t