Industrial DeclineThe Industrial division experienced a significant decline, dropping by 19.2% due to the ongoing downturn in European markets and strategic phase-out of non-core products.
Market ContractionThe Industrial division experienced a severe contraction with a 23.9% decline year-over-year, impacted by the prolonged downturn of the markets it serves.
Sales ProjectionsPreliminary sales for the first half were slightly below projections, impacted by dynamics related to VMI agreements with major customers not fully reflecting current performance.