Net income dipped 23% in the second quarter to $2,442,000 from $3,156,000 on 9% lower revenues of $56,186,000 against $61,959,000. The bottom line included $789,000 in costs attributed to Covid-19 plant closures and other expenses, without which profits would have been flat. Gross margin was unchanged at 34.6%, but would have been up 180 basis points without the factory closure. SG&A was down by $1.1 million, deleveraging 90 b.p. on ... Log in to view full article.