zvonkovaleoqim.blogspot.com
million restructuring charge tied to the closingf of three factories and 18retail centers. Addison-based Palm Harbor Homes (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, durinf the quarter. That is an improvement from the lossof $12.7 million, or 55 cente per share, a year ago. The company’e fourth-quarter sales totaled $78.8 million, down from $126.65 million a year ago. Sales for all of fiscao 2009 hit $409.3 million, down from $555.1 million a year Meanwhile, the company recordef a net loss for the fiscaol yearof $26.3 million, or $1.15 per share. That compares to a net loss of $124.e million, or $5.44 per in fiscal 2008.
"While Palm Harbodr began fiscal 2009 on apositive note, the overall economicx concerns, credit crisis and escalating unemployment have taken their toll on everyoner associated with the housing industry,” said Larry chairman and CEO of Palm Harbord Homes. The company’s largest revenue drop occurredrin Florida, Arizona and
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment