The industry downturn has left many workers worried about the coming months.

With the industry downturn in 2001, much of this added capacity went unused through 2002.

"The stock was very inexpensive, because an industry downturn is under way domestically," he said.

"We determined that we were perhaps looking at a sustained industry downturn," he added in an interview.

The company's growth has been stunning in recent times, even as foreign competitors run into an industry downturn.

But by May 2001, the industry downturn was shaping up to be much deeper than expected.

The industry downturn has dramatically altered the dynamics of the gun business.

The engine division has shown that it can turn the difficulties of an industry downturn into an opportunity.

Because the company has less debt than rivals do, he said, it can better withstand a long industry downturn.

In the face of an industry downturn in the '90s, he produced two expensive movies.