Date:2013-05-21 15:43
Net sales decreased $21 million for the three months ended March 29, 2013 to $406 million, from $427 million for the three months ended March 30, 2012. The decrease was due primarily to the impact of lower average selling prices from our Global Pipe, Tube Conduit (GPTC) and Global Cable Cable Management (GCCM) products of $25 million and an unfavorable foreign currency exchange impact of $5 million, primarily as a result of the appreciation of the U.S. Dollar versus the Brazilian Real. This de