Here's a paragraph from the 10Q that speaks of the financials. This looks to be sell on the news helped by the Hedge as they reposition.This is cheap to where it will be a a couple days.JMHO
Let's now turn to the high level financial highlights from the third quarter. First, pro forma adjusted EBITDA in the quarter was $54 million compared to $44 million in the third quarter of fiscal 2009. That's 23% higher EBITDA despite a 12% revenue decline.
The second highlight is our 560 point basis expansion of gross margin, to 52.3%, compared to 46.7% last year.
Third, operating income in our Americas region, was 11.8% of revenues, as gross margin improved 900 basis points to 46.7%, from 37.7% in Q3 of fiscal 2009.
And fourth, in regard to our improved balance sheet, net debt at quarter's end was $687 million, reflecting a reduction of $183 million or 21% compared to a year-ago.