On a GAAP basis, the company reported earnings per diluted share of $0.04 compared with $0.18 in the prior period. Adjusted earnings per diluted share were $0.49 compared with $0.50 in the prior year period.
Consolidated net sales were $600 million compared with $649.2 million for the prior year quarter.
Excluding the negative impact of foreign currency translation of $9.3 million, net sales fell 6.2% when compared with the prior year quarter.
GAAP gross margin in the fiscal 2017 first quarter increased to 16.8% compared with 16.2% in the prior year period.
Segment gross margin in the fiscal 2017 first quarter was improved slightly when compared with the prior year period at 16.9%.
Operating income margin was 3.2% compared with 4% in the prior year period. Adjusted operating income margin was 5.8% consistent with the prior year period.
On a GAAP basis, the company reported fiscal first quarter net income of $1.1 million, compared with $5.2 million in the first quarter of fiscal 2016.
On an adjusted basis, excluding certain items as noted in the reconciliation of GAAP and Non-GAAP financial measures, the company generated net income of $14.4 million compared with $14.9 million in the prior-year period.
Fiscal first quarter adjusted EBITDA was $54.6 million, compared with $58.4 million in the prior year period. ■
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