Revenue during the quarter dropped 9.94 percent to $34.30 million from $38.08 million in the previous year period. Operating margin for the quarter stood at negative 5.98 percent as compared to a positive 2.76 percent for the previous year period.

Operating loss for the quarter was $2.05 million, compared with an operating income of $1.05 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $1.48 million compared with $3.90 million in the prior year period. At the same time, adjusted EBITDA margin contracted 592 basis points in the quarter to 4.31 percent from 10.23 percent in the last year period.

“Our end markets have remained under pressure throughout 2016, testing our management team on multiple fronts,” said Craig Bram, president and chief executive officer. “We were determined to strengthen our balance sheet during this difficult time, while continuing to invest in growth opportunities for our individual businesses. Following the sale leaseback transaction, we have substantially reduced the company’s net debt and expect to have less than $5 million at year-end. We will be well positioned to pursue acquisitions and high ROI projects as we move into 2017.”