Net Sales from Continuing Operations:

           Segment                       2009        2008       Change      %Change

           Lawn & Garden               $  76.4     $  92.4     $ (16.0 )      (17 )%
           Material Handling           $  58.0     $  72.7     $ (14.6 )      (20 )%
           Distribution                $  36.3     $  44.5     $  (8.2 )      (18 )%
           Auto & Custom               $  27.1     $  46.4     $ (19.3 )      (42 )%
           Inter-segment elimination   $  (7.7 )   $  (6.6 )   $  (1.1 )      (19 )%

           TOTAL                       $ 190.1     $ 249.3     $ (59.2 )      (24 )%

Sales in the first quarter of 2009 were adversely affected by the weakness in the general economy, which impacted all segments of the Company's business and all markets in which the Company sells. The sales decline is primarily due to lower sales volumes and a decrease of $10.0 million from foreign currency translation and the unfavorable impact of exchange rates for the Canadian dollar.
Net sales in the Lawn and Garden segment in the first quarter of 2009 were down $16.0 million or 17% compared to the first quarter of 2008. Approximately $8.7 million of the decrease was due to foreign currency translation from the unfavorable impact of the exchange rates for the Canadian dollar. Excluding the impact of foreign currency translation, sales in this segment were down $7.3 million. Volume declines of $11.2 million were partially offset by increases of $3.9 million from higher selling prices.
In the Material Handling segment, sales decreased $14.6 million or 20% in the first quarter of 2009 compared to the same quarter in 2008. Sales were down 15% due to the impact of volume declines in automotive, industrial and other markets.
Net sales in the Distribution segment decreased $8.2 million or 18% in the first quarter of 2009 compared to the first quarter of 2008. Sales were down primarily due to lower unit volumes from softer sales of replacement tires and the impact of a weak economy which reduced miles driven. These factors reduced demand for the Company's tire service and retread consumable supplies. In addition, sales of equipment in the Distribution segment continued to be weak as tire dealers, auto dealers, fleet and other customers reduced capital purchases.
In the Auto and Custom segment, net sales in the first quarter of 2009 decreased $19.3 million, or 42% compared to the prior year. The decrease is due to significant volume declines in the automotive, heavy truck, recreational vehicle and marine markets in the first quarter of 2009. Cost of Sales & Gross Profit from Continuing Operations:

             Cost of Sales and Gross Profit            2009        2008
             Cost of sales                           $ 134.9     $ 189.4
             Gross profit                            $  55.2     $  60.0
             Gross profit as a percentage of sales      29.0 %      24.0 %

Gross profit margin increased to 29% in the quarter ended March 31, 2009 compared with 24% in the prior year primarily due to lower raw material costs as prices for plastic resins were, on average, approximately 40% lower in the first quarter of 2009 compared to the first quarter of 2008. In addition, the liquidation of inventories valued at LIFO cost reduced cost of sales by approximately $1.4 million. The impact of lower raw material costs more than offset the unfavorable impact of higher manufacturing costs due to a reduction in capacity utilization and increased unabsorbed overhead.

                         Part I - Financial Information
Selling, General and Administrative ("SG&A") Expenses from Continuing
Operations:

          SG&A Expenses                              2009       2008      Change
          SG&A expenses                            $ 43.2     $ 43.2     $   (0 )
          SG&A expenses as a percentage of sales     22.7 %     17.3 %     (5.4 )

Selling and administrative expenses for the quarter ended March 31, 2009 were $43.2 million, which remained consistent with the prior year. Expenses in 2009 include unusual charges of approximately $5.0 million for consulting fees, movement of machinery and equipment and other restructuring costs of our Lawn and Garden businesses. These unusual charges were offset by lower freight and selling expenses from decreased sales volumes. Impairment Charges from Continuing Operations:
In the first quarter of 2009, the Company continued the implementation of its restructuring plan in the Lawn and Garden business and announced the closure of its Fostoria, Ohio manufacturing facility in its Auto and Custom business. In connection with this closure, the Company recorded impairment charges of $1.3 million for certain property, plant, and equipment, primarily related to the estimated fair value of its facility in Fostoria, Ohio. Interest Expense from Continuing Operations:

            Net Interest Expense       2009        2008       Change      % Change
            Interest expense         $   2.4     $   3.0     $  (0.6 )       (19 )%
            Outstanding borrowings   $ 181.5     $ 199.6     $ (18.1 )        (9 )%
            Average borrowing rate      5.34 %      6.27 %     (0.93 )       (15 )%

Net interest expense for quarter ended March 31, 2009 was $2.4 million, a decrease of 19% compared to $3.0 million in the prior year. The decrease was the result of lower average borrowing levels and lower interest rates compared to the same period last year.
Income Before Taxes from Continuing Operations:

              Segment                    2009       2008      Change     % Change
              Lawn & Garden            $ 11.7     $  8.1     $  3.6          45 %
              Material Handling        $  6.7     $  8.6     $ (2.0 )       (23 )%
              Distribution             $  2.2     $  3.3     $ (1.1 )       (33 )%
              Auto & Custom            $ (3.0 )   $  1.5     $ (4.5 )      (297 )%
              Corporate and interest   $ (9.3 )   $ (7.8 )   $ (1.5 )       (20 )%

              TOTAL                    $  8.3     $ 13.8     $ (5.5 )       (41 )%

Income before taxes for the quarter ended March 31, 2009, was lower than the same period in the prior year due to the impact of significantly lower sales volumes and restructuring and impairment charges totaling $6.4 million. These factors were partially offset by a reduction in certain raw material costs. Income Taxes from Continuing Operations: