date:Sep 18, 2012
below expectations due to the delayed launch or commercialization of new programs.
Pass through costs
The price/mix decrease was related to lower prices from raw material decreases passed through as lower selling prices and a product mix that included a greater percentage of lower priced products.
Operating earnings excluding special items were $4m in Q3 2012 compared to $6.9m for the three months ended 30 July, 2011.
The firm said the decrease in earnings could be attributed to the decre