"Our Q2 results are down from last year, due in part to softer-than-expected military sales," said
"While these initiatives will have a short-term negative financial impact, we believe they are important strategic investments that will strengthen our platform and serve us well over the long term," said Bailly. "For example, we estimate that both factory consolidations will have paybacks of two years or less."
"Looking ahead, we expect stronger sales in the second half of the year," Bailly added. "And with new Sales and Engineering talent now in place, we expect to ramp up our pipeline of new opportunities as well. We also continue to search for strategic acquisitions that will help increase the value we bring our customers. With our seasoned management team and strong balance sheet, we are well positioned to act quickly when the right opportunity is identified."
Keywords for this news article include: Engineering,
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