Net income slipped 57% in the fiscal third quarter ended Mar. 27 to $2,066,000 from $4,758,000 at the synthetic yarn producer, on 12% higher revenues of $200,780,000 up from $178,866,000. Repreve recycled fiber accounted for 36% of sales, up from 34% last year. Gross margin was just 9.5%, down from 14.3% prior due to higher raw materials costs, but up from FQ2 helped by pricing adjustments and an easing of labor shortages. SG&A ... Log in to view full article.