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Article: FinishMaster Announces Second Quarter Financial Results.
- Article from:
- Investment Weekly News
- Article date:
- August 29, 2009
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FinishMaster, Inc. (Pink Sheets:FMST) reported net income for the quarter ended June 30, 2009 of $3,842,000 or $0.49 per diluted share, compared with net income of $5,287,000, or $0.67 per diluted share, in the prior year period. For the six months ended June 30, 2009, net income was $6,304,000, or $0.80 per diluted share, compared to net income of $11,634,000, or $1.47 per diluted share, in the prior year period. Affecting the comparability of the Company's year-to-date financial performance and favorably impacting 2008 results by $0.39 per diluted share was the receipt of $5,224,000 in proceeds from the settlement of a lawsuit. After considering the impact of this item, ...