Year-ago profit was $55.8m, or 95 cents per diluted share and $61.3m, or $1.04 in the first quarter. Gross margins slid to 15.2% from 19.0% a year ago and 17.8% in the first quarter.
It blamed the decrease in gross margin primarily to “one-time cumulative catch-up countervailing and anti-dumping duties due to the new US Department of Commerce ruling.” Other factors included both lower margin and lower contribution from the company's total solution business in Canada.
The
