Bimba Executive Summary

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Net sales decreased 6.3% to $526k compared with net sales of $561k for December 2014. Bimba sales comprised 70.3% of total sales for the current month, up 2.1% from December 2014. Sales to Lyon and Healy and Panduit exceeded prior year by $15k collectively. Compared with the prior year, Ocenco Inc. and Parker sales were down 97.4% and 31.8% respectively.
Net purchases decreased 15.4% to $135k or 25.7% of sales in December 2015 compared with $160k and 28.4% of sales in December 2014. Lower material costs were driven by a favorable sales mix, improved material pricing, and lower sales volume. December 2015 turnings revenue of $10.3k was down 58.4% from December 2014. Aluminum scrap pricing was $0.23/lb down 42.5% from the prior year. Turnings

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