The company says "The North American lighting market appears to have experienced a slowdown in the rate of growth over the past few months, reflecting both a tepid economic recovery in the U.S. and macro-level uncertainties in the U.S. and globally. TThe current consensus estimate is that non-residential construction will grow modestly through our fiscal 2013 while the growth rate for the North American lighting market will be higher, suggesting growth in the mid-single digit range for fiscal 2013. We believe the lighting and lighting-related industry will experience solid growth over the next decade."
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?