John Dillon Economic Quotations

Nevertheless, the world economic environment is continuing to pressure our business even as we move into a seasonally stronger part of the year.

But the market and economic conditions we are facing require that we further reduce costs within the company, ... We are realigning our resources as necessary to improve our financial results, while continuing our commitment to serve our customers.

The timing of the economic recovery remains uncertain, ... We didn't see any meaningful impact from it on our sales volumes and revenues this quarter. So, I am very pleased with what we have been able to accomplish by focusing on those factors we can control.

Prices on several of our key products have started to move up in the U.S. and some of our major Asian markets are beginning to recover from the economic problems of last year, ... Overall, business has clearly improved, and we are optimistic that the price increases we announced will be fully implemented during the second quarter.

Although the economic problems in Southeast Asia continue to affect some of our major businesses, we've made significant progress in completing our restructuring program that was announced last July.