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Fourth quarter sales were $322.9 million, up 12.4 percent over the same period a year ago. Organic sales increased 10.7 percent with positive organic growth in all regions. Profit increased 12.4 percent to $21.6 million.
"As we look to fiscal 2011, we believe that the overall global economy will continue to improve, albeit slowly," CFO Thomas J. Felmer said. "As a result, we anticipate mid-single-digit organic revenue growth in fiscal 2011, with more significant profitability improvement in the second half of the year as our continued investment in profitability improvement initiatives begin to yield benefits."