Net loss was $16.0 million in the third quarter ended Oct. 1 against income of $9.5 million last year, as sales plunged 30% to $154.1 million from $221.7 million with weakness across all segments. The soft MSR market since the 2016 election hit ROC especially hard along with overall reduced consumer demand and elevated inventories throughout the distribution chain. The company has cut production schedules to reduce inventory levels, and negotiated an amendment to its ABL revolver to temporarily increase total borrowing availability to $259.0 from $225.0 through April 2, 2018 to give it some headroom. The $15 million quarterly ... Log in to view full article.