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Day: November 5, 2019
The company recently completed the sale of its distribution segment for $700 million in cash.
Profit was $12.7 million, up from a loss of $34.8 million the previous years quarter.
For the first nine months, sales were $1.2 billion, down 1.1% over the same period a year ago.
Profit fell 16.5% during the quarter.
For the first nine months sales were down 9.9% year-over-year.
Year-to-date, the goods and services deficit increased 5.4% from the same period in 2018.
Dick Alario takes over as interim CEO, replacing Robert Workman, effective immediately.
Sales totaled $35 billion in the first nine months of 2019.