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They beat analyst expectations and thus the stock price is up. Sales and cash flow from operations were up year over year. However, the CEO was not completely celebrating:

"Although our overall 2012 results were satisfactory, they did not meet our expectations. In 2013, we anticipate continuing market uncertainty. To address this and drive improved performance, we expect to continue to strengthen our product portfolio, increase sales coverage around the world, and tighten cost controls across the Company's operations," Freeland concluded.

I'm sure it's not rocket science to conclude that new product introductions will be very important to their continued growth.

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