Division Downturn ImpactThe Industrial division experienced a marked downturn, which nearly offset the growth seen in the Medical Devices division.
Industrial Division DeclineThe Industrial division experienced a severe contraction with a 23.9% decline year-over-year, impacted by the prolonged downturn of the markets it serves.
Product Phase-OutCertain product categories within the Industrial division are being phased out due to unsatisfactory profitability or growth profiles.