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The company reported a profit of $12.4 million in the first quarter.
Business is not aligned with new strategic and financial goals.
The company reported a loss of $4.7 million in the first quarter.
Company also plans to sell remaining Asia Pacific operations.
The company reported a loss of $38.1 million in the first quarter.
Manufacturer will exit operations in Asia Pacific and Africa to focus on development in North America, Latin America and Europe.
In North America, volume increased 10 percent from the prior quarter.
Year-over-year volumes decreased in each of the geographic regions served by the diversified industrial company.
