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Financial Results

By Furniture Today Staff -- Furniture Today, June 24, 2002

Financial results Earnings per share are fully diluted, and all figures in parentheses are losses or declines.
Quarter ended 3/31 2002 2001 Change
Bestar(a)
Revenues(b) C$14,622,000 C$19,624,000 (25.5%)
Operating income 650,000 2,078,000 (68.7%)
Net income 78,000 977,000 (92.0%)
Earnings per share 0.01 0.09 (88.9%)
(a) In Canadian dollars. (b) Gross revenues.
Valspar(a)
Quarter ended 4/26 2002 2001 Change
Sales $554,002,000 $513,745,000 7.8%
Operating income 67,917,000 59,039,000 15.0%
Net income 34,534,000 19,036,000 81.4%
Earnings per share (b) 0.67 0.44 52.3%
6 months ended 4/26 2002 2001 Change
Sales $985,042,000 $850,725,000 15.8%
Operating income 101,457,000 80,392,000 26.2%
Net income 47,142,000 23,494,000 100.7%
Earnings per share (b) 0.92 0.54 70.4%
(a) Includes the results of Lilly Inds. from its Dec. 20, 2000 acquisition. (b) Based on average shares outstanding of 51.6 million in the 2002 quarter, 43.4 million in the 2001 quarter, 51.2 million in the 2002 six months and 43.1 million in the 2001 six months.
WinsLoew Furniture
Quarter ended 3/29 (a)2002 2001 Change
Sales $124,919,000 $39,718,000 214.5%
Operating income 14,290,000 7,859,000 81.8%
Net income 3,214,000 (b)(574,000)
(a) Includes the results of Brown Jordan International from its May 8, 2001 acquisition. (b) Includes a $711,000 income tax benefit.
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