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Article: Baldwin Piano Reports Third-Quarter Results; Fourth-Quarter Orders Increase for Company's Music Products.
- Article from:
- Business Wire
- Article date:
- November 12, 1999
CopyrightCOPYRIGHT 1999 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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MASON, Ohio--(BUSINESS WIRE)--Nov. 12, 1999--
Baldwin Piano & Organ Company (NASDAQ:BPAO) today reported operating results for the third quarter ended September 30, 1999.
Baldwin reported a third quarter net loss of $1,622,000, or 47 cents per share, on sales of $29.1 million. A year ago, the company reported net income of $93,000, or 3 cents per share, on sales of $34.3 million. Third quarter 1999 results include a one-time gain of $3,586,000, or $1.04 per share, on the previously announced sale of the company's facility in Juarez, Mexico. Third quarter results also were adversely impacted by one-time per share charges of 32 cents and 7 cents, ...