Key Highlights
Second quarter net sales of
Second quarter adjusted gross margin of
Second quarter year to date adjusted gross margin of
Third quarter outlook shows net sales of
Cash provided by operating activities was
Non-GAAP Financial Measures
In addition to disclosing results of operations that are determined in accordance with
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Certain statements in this press release contain 'forward-looking statements.' All statements other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including the following: the section of this press release entitled 'Outlook'; any projections of earnings, revenue or other financial items relating to the Company, any statement of the plans, strategies and objectives of management for future operations; any statements concerning proposed future growth rates in the markets we serve; any statements of belief; any characterization of and the Company's ability to control contingent liabilities; anticipated trends in the Company's businesses; and any statements of assumptions underlying any of the foregoing. Forward-looking statements may include the words 'may,' 'would,' 'estimate,' 'intend,' 'continue,' 'believe,' 'expect,' 'anticipate,' and other similar words. Although the Company believes that the expectations reflected in any forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties beyond the control of the Company. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to general economic conditions, the COVID-19 pandemic, geopolitical factors, future levels of aerospace and general industrial manufacturing activity, future financial performance, market acceptance of new or enhanced versions of the Company's products, the pricing of raw materials, changes in the competitive environments in which the Company's businesses operate, the outcome of pending or future litigation and governmental proceedings and approvals, estimated legal costs, increases in interest rates, tax legislation and changes, the Company's ability to meet its debt obligations, the Company's ability to acquire and integrate complementary businesses, and risks and uncertainties listed or disclosed in the Company's reports filed with the
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