Net income more than tripled to $12,387,000 from $3,548,000 in the final quarter, helped by a big tax benefit this year, on revenues that were up 6% to $61,022,000 from $57,307,000. CLAR’s profits triggered a partial release of its deferred tax asset, adding $8.4 million to the bottom line in Q4 and $10.4 million for the year. Gross margin narrowed 20 basis points to 35.5% including 75 b.p. for ForEx and 80 b.p. for tariffs that more than offset other improvements. SG&A was $1 million higher but still improved 10 b.p. as a percent of sales. CLAR noted that it ... Log in to view full article.