date:Jul 30, 2012
ion for Q2, up from $71 million a year earlier.
A tale of two continents...
Across the Atlantic, macroeconomic conditions in Europe continued to generate uncertainties, and O-Is business in the region was impacted by slower sales this quarter. This was reflected in global net sales of $1.766 billion for Q2, down from $1.959 billion for the same quarter last year.
We think 40% of our volume drop in Q2 was due to economic events. Another 40% was related to competitive pressure and the remaining