- Sales were down 11% to $144.1 million due to a difficult capital spending environment and soft consumer sales. Margins were flat at 30.9% due to lower input costs and favorable product mix. - Net income was $5.7 million compared to $10.9 million last year. Adjusted EPS was $0.21 compared to $0.30. - The outlook for 2016 was lowered with revenue expected to be down mid-to-high single digits due to continued soft capital spending. Strategic initiatives are focusing on commercial execution and protecting the core business.