Chromcraft posts loss in 4Q
By Furniture Today Staff -- Furniture Today, February 25, 2007
West Lafayette, Ind. — Furniture manufacturer and importer Chromcraft Revington reported a fourth-quarter net loss of $741,000 as sales declined 4.4% from a year earlier, to $38.9 million.
The company said shipments of dining room, bedroom and upholstered furniture were lower than in the fourth quarter of 2005, but shipments of commercial and occasional furniture were above last year's levels.
The net loss included $1.6 million in pretax restructuring and impairment charges. Without those charges, the company would have had net income of $289,000. In the fourth quarter of 2005, Chromcraft Revington had net income of $1.7 million.
For all of 2006, sales were down 5.4% to $160.5 million. The company posted a loss of $3.4 million, compared with a $7.3 million profit in 2005. The 2006 loss included pretax restructuring and impairment charges of $7.4 million.
| Chromcraft Revington | |||
|---|---|---|---|
| Owns Chromcraft, Peters-Revington, Cochrane, Silver and Sumter Cabinet | |||
| Earnings per share are fully diluted, and all figures in parentheses are losses or declines. | |||
| Quarter ended 12/31 | 2006 | 2005 | Change |
| (a) Includes pretax restructuring and impairment charges of $1.6 million in the 2006 quarter and $7.4 million in the 2006 year. |
|||
| Sales | $38,889,000 | $40,669,000 | (4.4%) |
| Operating income | (1,060,000) | 1,671,000 | — |
| Net income (a) | (741,000) | 1,705,000 | — |
| Earnings per share | (0.17) | 0.38 | — |
| Year ended 12/31 | 2006 | 2005 | Change |
| Sales | $160,478,000 | $169,565,000 | (5.4%) |
| Operating income | (4,316,000) | 11,110,000 | — |
| Net income (a) | (3,393,000) | 7,245,000 | — |
| Earnings per share | (0.77) | 1.66 | — |
-
Chromcraft Revington posts 4Q loss as sales dip 4.4%
Feb 22, 2007 -
Chromcraft reports loss of $8M in fourth quarter
Apr 25, 2009 -
Select Comfort loses $57.4 million in quarter
Mar 23, 2009 -
CR loses $10.2M
Nov 16, 2008 -
FBI sales decline 9.2% in 3Q
Nov 4, 2007
Specialty retailer LoveSac introduces new store design
Belfort Furniture, Lawrance Furniture are NHFA Retailers of Year
Kincaid Furniture honors Jimmy and Rosalynn Carter for Habitat work
Omnia Furniture ends relationship with Kathy Ireland Worldwide
Singapore furniture show expecting increased turnout
Featured Company
-
FurnitureCore.com
FurnitureCore.com is a dynamic web application aimed at the furniture industry. Retailers and manufacturers alike will find our deep reserve of tools to be exactly what their furniture business needs.www.furniturecore.com... more
VIEW ALL GALLERIES
