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Article: FinishMaster Announces First Quarter Financial Results.(Financial report)

Article from:
Business Wire
Article date:
May 8, 2009
Copyright

INDIANAPOLIS -- FinishMaster, Inc. (Pink Sheets: FMST) today reported net income for the quarter ended March 31, 2009 of $2,462,000, or $0.31 per diluted share, compared with net income of $6,347,000, or $0.80 per diluted share, in the prior year period. The receipt of $5,224,000 in proceeds from settlement of a lawsuit favorably impacted 2008 results by $0.39 per diluted share and affects the year over year comparison of these quarterly results. After considering the impact of this item, comparable net income declined from $0.41 per diluted share in 2008 to $0.31 per diluted share in 2009.

Economic conditions throughout the United States continued to result in ...

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