We are still challenged by the continuing increases in cost of goods. As a result, we plan to implement price increases on certain products during the third quarter of this year.

While we continue to face significant competition in the household products categories, we were able to achieve success in this area due to increased distribution, increases in promotions and the launch of new products.

We did well in both our European and Asia/Pacific regions during the quarter, but some of this growth was offset by changes in foreign currency exchange rates. If we were still seeing the same rates we had last year, we would have seen an additional $1.7 million in sales and $0.2 million in net income.

During the quarter we had solid growth in the U.S., Canada and Latin America, with strong sales in the lubricant and household products business.

We are pleased with the sales and profit growth we have generated across all of our trading blocs. We have also started to see success from our commitment to innovation and the recent introduction of new products that have resulted from that strategy.

You have to enable and empower people to make decisions independent of you. As I've learned, each person on a team is an extension of your leadership; if they feel empowered by you they will magnify your power to lead.