"We ended the quarter with a strong balance sheet and net debt-to-total capital of 37.6%. Additionally, our operating cash flow was up 40% to $99.5 million compared with the 2007 first quarter of $70.8 million. We are optimistic regarding business conditions and opportunities in our industry. We expect demand to soften somewhat in the third quarter only due to the normal seasonal summer slowdown, and expect pricing on some of our products to continue to soften slightly. As a result, we currently estimate earnings per diluted share for the 2007 third quarter in a range of $1.30 to $1.35," Hannah concluded.
Same thing in this industry every year, nice opportunity if you understand the long term movement.