Oil prices, drill rig counts and our customers' fleet utilization rates continue to remain low, based on these factors we don't see a significant increase in demand for our products for the remainder of 2016.

Jim Umpleby

Categorized in : Company News

While sales were down in almost all of our end markets, almost 80 percent of the decline was in oil and gas and transportation.

If we look at the percentage drop, it is so significant, that there isn't that much room to fall, frankly.