Net income increased by 5% in the third quarter to SEK 314 million ($33.2 mm) from SEK 300 million on 8% higher revenues of SEK 2,528 million ($266.9 mm), up from SEK 2,344 million last year. The gains came entirely from incremental Quad Lock revenue, as a 5% headwind from exchange rate fluctuations also weighed on the top line. Organic revenue was down 4%. Gross margin soared 460 basis points to 47.5%, helped by Quad Lock along with price increases and an improved mix. SG&A also increased dramatically, with the acquisition ... Log in to view full article.