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Article: SL Industries, Inc. Announces Financial Results for Its Second Quarter Ended June 30, 2009.
- Article from:
- Electronics Newsweekly
- Article date:
- August 26, 2009
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SL INDUSTRIES, INC. (NYSE AMEX:SLI) announced that net sales for the second quarter ended June 30, 2009 were $34,956,000, compared to $48,734,000 for the second quarter last year. Loss from continuing operations was $347,000, or $0.06 per diluted share, compared to income from continuing operations of $1,999,000, or $0.34 per diluted share, for the same period in 2008. Included in the Company's second quarter results were restructuring charges of $534,000, which related to severance costs necessary to downsize staff and overhead expenses in line with current business levels. Not including these non-recurring charges, the Company would have recorded a loss from continuing ...