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Financial results
Earnings per share are fully diluted, and all figures in parentheses are losses or declines.
By Furniture Today Staff -- Furniture Today, September 9, 2001
| Quarter ended 6/30 | 2001 | 2000 | Change |
|---|---|---|---|
| Sales | $287,797,000 | $326,125,000 | (11.8%) |
| Operating income | 7,210,000 | 19,472,000 | (63.0%) |
| Net income | (a)(13,575,000) | 13,125,000 | — |
| Earnings per share | (0.35) | 0.33 | — |
| Year ended 6/30 | 2001 | 2000 | Change |
| Sales | $1,261,171,000 | $1,228,412,000 | 2.7% |
| Operating income | 48,410,000 | 67,122,000 | (27.9%) |
| Net income | (a)16,583,000 | 48,462,000 | (65.8%) |
| Earnings per share | 0.43 | 1.21 | (64.5%) |
| (a) Includes a $27.7 million pretax charge for restructuring and other expense in both 2001 periods. The 2001 quarter also includes a $5.5 million income tax benefit. | |||
| • Masco Corp. | |||
| Quarter ended 6/30 | 2001 | 2000 | Change |
| Sales | $2,085,000,000 | $1,871,000,000 | 11.4% |
| Operating income | 301,600,000 | 317,200,000 | (4.9%) |
| Net income | 139,000,000 | 185,400,000 | (25.0%) |
| Earnings per share | 0.30 | 0.41 | (26.8%) |
| 6 months ended 6/30 | 2001 | 2000 | Change |
| Sales | $3,996,000,000 | $3,617,000,000 | 10.5% |
| Operating income | 541,400,000 | 599,900,000 | (9.8%) |
| Net income | 254,000,000 | 359,400,000 | (29.3%) |
| Earnings per share | 0.55 | 0.80 | (31.3%) |
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