Uniroyal Global Engineered Products, Inc. (UNIR) has reported a 4.83 percent fall in profit for the year ended Jan. 01, 2017. The company has earned $7.38 million, or $0.24 a share in the year, compared with $7.75 million, or $0.26 a share for the last year.

Revenue during the year went up marginally by 0.62 percent to $100.38 million from $99.76 million in the previous year. Gross margin for the year expanded 78 basis points over the previous year to 22.78 percent. Total expenses were 91.98 percent of annual revenues, down from 92.74 percent for the last year. This has led to an improvement of 76 basis points in operating margin to 8.02 percent.

Operating income for the year was $8.05 million, compared with $7.24 million in the previous year.

"Despite some major economic headwinds in 2016, we recorded significant operational improvement. Our focus for 2017 will continue to be on the development of new products and technical improvement in automotive and industrial applications as well as capital spending initiatives to further enhance a strengthening in margins," said Howard R. Curd, chairman and chief executive officer.

Cash conversion cycle (CCC) has decreased to 57 days for the year from 102 days for the last year. Days sales outstanding were almost stable at 55 days for the year, when compared with the last year period.

Days inventory outstanding has decreased to 40 days for the year compared with 85 days for the previous year period. At the same time, days payable outstanding was almost stable at 38 days for the year, when compared with the previous year period.