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Article: MAXXAM Reports Results For Fourth Quarter, Full Year 1996
- Article from:
- PR Newswire
- Article date:
- January 29, 1997
CopyrightCOPYRIGHT 1997 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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HOUSTON, Jan. 29 /PRNewswire/ -- MAXXAM Inc. (AMEX: MXM) today reported a net loss of $5.1 million, or $0.54 per share, for the fourth quarter of 1996, compared to net income of $22.4 million, or $2.37 per share, for the fourth quarter of 1995. Sales for the fourth quarter of 1996 totaled $622.2 million, compared to $672.6 million for the same period of 1995.
For the full year 1996, MAXXAM's net income was $22.9 million, or $2.42 per share, compared to net income of $57.5 million, or $6.08 per share, for the full year 1995. Sales for the full year 1996 were $2,543.3 million, compared to $2,565.2 million for the full year 1995. Results for the fourth quarter ...