Net earnings for the fiscal year ended March 31, 2016, increased to $54.5 million, or $5.42 per diluted share, compared to $9.9 million, or $0.90 per diluted share, in the fiscal year ended March 31, 2015. Net sales for the fiscal year ended March 31, 2016, decreased from the fiscal year ended March 31, 2015 by 0.9%, to $1,275.4 million. The decrease is attributable to decreased sales volume of $11.1 million partially offset by higher selling prices/more favorable sales mix of $0.1 million.
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