“We have continued to strengthen our customer relationships throughout the government channel, penetrate further into a variety of niche work markets and see our newest products being well received by our customers. Overall, we're pleased with our results for the first half of 2010 and are excited about our opportunities for growth.
“Moving into the second half of 2010, we're focused on addressing the industry-wide supply issues that impacted our first half sales. While we can expect to see quarter-to-quarter fluctuations in future government channel sales, the long-term trends in our government, wholesale, direct, and international distribution channels look increasingly positive, along with strong at-once demand from our wholesale channel partners and an improved consumer spending environment.
“In preparation for future growth, we're continuing to enhance our operations, which include the recent opening of our new factory store that showcases the outstanding legacy and quality of our brands, and the upcoming move into our new domestic production facility. That facility is expected to significantly increase our manufacturing capacity and our ability to efficiently meet growing worldwide demand for products reflecting our great tradition of superior craftsmanship.”
Based on the Company's financial position, the Board of Directors announced the approval of a quarterly dividend of $0.125 per share of common stock. The third quarter dividend will be paid on September 18, 2010 to shareholders of record as of the close of business on August 22, 2010. The Board of Directors, while not declaring future dividends to be paid, has established a quarterly dividend policy reflecting its intent to declare and pay a quarterly dividend of $0.125 per share of common stock for the balance of 2010.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
