Net income contracted 8% to SEK 512 million ($52.9 mm) in the second quarter from SEK 559 million, as soaring SG&A more than offset a 10% increase in sales to SEK 3,403 million ($351.9 mm) from SEK 3,099 million. Quad Lock incremental sales accounted for 14% of the growth, while organic sales increased 2%. However, currency headwinds from the weakening dollar pushed reported revenues down 6%. The bottom line included SEK 31 million for closing its Longmont, CO, facility this year, lapping SEK 100 million for Quad Lock transaction costs a ... Log in to view full article.