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Article: Falcon Products Reports Results for Fiscal 2002 Fourth Quarter and Full Year.
- Article from:
- PR Newswire
- Article date:
- December 17, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Falcon Products, Inc. , a leading manufacturer of commercial furniture, today announced sales and operating results for its fourth quarter and fiscal year ended November 2, 2002.
Net sales for the fourth quarter of fiscal 2002 (13 weeks) were $75.8 million, compared with $83.8 million in the prior year (14 weeks), and net earnings were $1.2 million, or $0.13 per diluted share, compared with a net loss of $0.6 million, or $0.06 per diluted share, in the fourth quarter of 2001.
Franklin A. Jacobs, Chairman and Chief Executive Officer, stated, "During the fourth quarter the Company was challenged with the same difficult market conditions that it experienced ...