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Article: FinishMaster Announces Year-End Financial Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- March 17, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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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INDIANAPOLIS -- FinishMaster, Inc. (Pink Sheets: FMST) today reported net income for the quarter ended December 31, 2008 of $1,672,000, or $0.21 per diluted share, compared with net income of $2,353,000, or $0.30 per diluted share, in the prior year period. For the twelve months ended December 31, 2008, net income was $18,060,000, or $2.29 per diluted share, compared to net income of 14,934,000, or $1.91 per diluted share, in the prior year period. Affecting the comparability between years of the Company's annual financial performance was the receipt of $5,224,000 proceeds from settlement of a lawsuit favorably impacting 2008 results by $0.40 per diluted share. After ...
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