This excerpt taken from the SPAN 8-K filed Nov 5, 2009.
Outlook for Fiscal 2010
“We remain positive about Span-America’s continued growth based on our attractive medical product lines and the ability to leverage our manufacturing capabilities with our custom products segment,” continued Mr. Ferguson. “Our financial position remains strong with excellent cash flow that we are investing in research and development projects to add new products and expand the markets for existing ones. We also invested significant resources in improving our manufacturing yields during fiscal 2009 that will benefit future earnings. We believe we are in excellent position to build sales and earnings as the economy improves.
“We expect sales of our medical products to be steady early in fiscal 2010 with good potential for growth later in the fiscal year if demand for capital goods improves. Sales of our medical consumables should remain more solid throughout the new fiscal year. Our consumer business has excellent prospects but is more volatile due to seasonal promotions and the potential for quick program changes by customers. We expect our industrial product sales to remain weak until we experience sustained growth in the economy that will spur sales to our customers serving the automotive, water sports and packaging markets,” concluded Mr. Ferguson.