FINANCIAL CONDITION Operating activities provided cash of $484.8 million for the nine months ended September 30, 2007, as compared to $387.3 million of cash provided in the corresponding period in 2006.
Sales of security hardware increased at a low-single-digit rate during the third quarter of 2007 over the corresponding 2006 period as the favorable effects of price increases instituted in late 2006 and sales of the newly introduced SmartSeries product line more than offset the negative effects of the U.S. housing slowdown.
“Sales in the Hardware and Home Improvement segment increased 6% for the quarter. The lockset business posted sales growth despite the U.S. housing slowdown, driven by price increases and Kwikset’s SmartSeries products."
I wanted to see a trend for sequiam in the 3rd Quarter and this BDK 10Q and 8-K gives us a little peak at what may be in the SQUM filing, sales appear to be skyrocketing with smartscan lock so it will be interesting to see the 4th Quarter filing for both BDK and SQUM, I bet both will show drastic increases due to the SmartSeries Product Line.
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