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Article: Oakwood Homes Corporation Reports Results For The Fourth Quarter And Fiscal Year Ended September 30, 1998.
- Article from:
- PR Newswire
- Article date:
- November 3, 1998
CopyrightCOPYRIGHT 1998 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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GREENSBORO, N.C., Nov. 2 /PRNewswire/ -- Oakwood Homes Corporation (NYSE: OH) today reported results of operations for the fourth quarter and fiscal year ended September 30, 1998. Net income for the fourth quarter was $24.9 million, or $.53 per share diluted, compared to $26.5 million, or $.56 per share diluted last year. Net income for the year ended September 30, 1998 was $55.4 million or $1.17 per share diluted, compared to $81.9 million, or $1.75 per share diluted, in fiscal 1997. Earnings per share for fiscal 1998 reflects special charges recorded in the second and third quarters of approximately $51 million before tax (approximately $.67 per share after tax) to ...