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Industrial Tool demand declined year-over-year, the result of continued tepid global activity across most served markets. North America remains the weakest region. While monthly order rates are erratic, the demand trend appears to be stable at the low run rate. Fourth quarter adjusted operating margins declined year-over-year primarily due to the impacts of lower sales and unfavorable mix. Energy Segment 9.9% 10.4% (2) 2016 excludes $0.7 and $5.5 of restructuring charges in the fourth quarter and full year, respectively. Full year results also exclude impairment charges of $140.8 million and $84.4 million in 2016 and 2015, respectively. http://www.theactproject.com/medicalinterviewpreparation/2016/09/22/top-insights-for-2015-on-no-fuss-interview-for-surgeon-plans/Fiscal 2016 fourth quarter Energy segment sales declined 9% year-over-year to $91 million. Excluding the unfavorable 4% foreign currency headwind, and 10% acquisition benefit, core sales declined 15%, in line with expectations. Core sales in the maintenance focused Hydratight business declined modestly, after delivering robust growth throughout the fiscal year.

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