Redeye expected a bit more from the Q3 report which showed lower sales and earnings than we anticipated. Particularly so for high margin P&A products. Tougher price pressure in the outboard market also caused weaker gross margins. Still, we find the companys outlook encouraging as they state that: “Despite a slower quarter, we remain confident in the company’s outlook. OXE propulsion solutions are being specified into several new global projects…”.
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