"Solidily profitable" You jest sir - wait till the royalties end that are keeping this sinking ship afloat:
For the fiscal year ended 12/31/04, revenues fell 14% to $169.5 million. Net loss totaled $11.7 million vs. an income of $30.9 million. Revenues reflect continued offshore competition, pricing pressures and reductions in chemistry spending. Net loss reflects asset impairment and restructuring charges.