Net cash used in operating activities in the second quarter of 2012 was $1.3 million compared to a use of $20.8 million in the same period last year. Free cash flow was negative $6.6 million compared to negative $24.2 million in the same period last year. Cash flow in the second quarter of 2012 as compared to the same period last year was impacted by favorable changes in working capital and lower cash interest paid, partially offset by higher pension contributions.

Adjusted EBITDA and free cash flow are non-GAAP measures that are defined in the footnotes to this release and are reconciled to their most directly comparable GAAP measures, respectively, in the accompanying financial tables.

Six Months Results

Net sales in the first six months of 2012 were $687.8 million, compared to net sales of $684.4 million in the first six months of 2011. Excluding unfavorable foreign currency fluctuations of $13.0 million, net sales increased $16.4 million, or 2.4%.

In the United States, net sales increased 2.0% to $388.6 million in the first six months of 2012, compared to net sales of $381.1 million in the first six months of 2011.

In Asia Pacific, net sales in the first six months of 2012 were $111.9 million compared to $111.6 million in the same period last year. Excluding the favorable impact of foreign currency fluctuations, net sales were essentially unchanged.

In Europe, Middle East and Africa, net sales in the first six months of 2012 were $90.2 million, a decrease of $11.5 million, or 11.3%, compared to $101.7 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales decreased $2.6 million, or 2.6%.

In Latin America, net sales in the first six months of 2012 were $58.6 million, an increase of $5.3 million, or 9.9%, compared to $53.3 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales increased $9.0 million, or 16.9%.

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