Revenue during the quarter dropped 7.65 percent to $161.02 million from $174.34 million in the previous year period. Gross margin for the quarter contracted 233 basis points over the previous year period to 64.64 percent. Operating margin for the quarter stood at negative 25.69 percent as compared to a negative 27.51 percent for the previous year period.

Operating loss for the quarter was $41.37 million, compared with an operating loss of $47.97 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at negative $7.65 million compared with $6.65 million in the prior year period. At the same time, adjusted EBITDA margin stood at negative 4.75 percent for the quarter compared to 3.81 percent in the last year period.

In announcing these results, President and Chief Executive Officer Michael A. Stivala said, “Our results for fiscal 2016 reflect a challenging operating environment stemming from record warm temperatures during the heating season. While our volumes were impacted by the lack of customer demand for heating needs, we relied on our flexible cost structure and the strength of our balance sheet to help mitigate some of the effect of lower volumes. Throughout the fiscal year, we continued to focus on the things we can control -- providing exceptional customer service to our customer base, while driving operating efficiencies and managing our cost structure.”