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Article: Doane Pet Care Company Reports Fourth Quarter and Full Year 2000 Results.
- Article from:
- PR Newswire
- Article date:
- March 30, 2001
CopyrightCOPYRIGHT 2001 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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BRENTWOOD, Tenn., March 30 /PRNewswire/ --
Doane Pet Care Company ("Doane" or " the Company") today reported a net loss of $9.5 million for its fourth quarter ended December 30, 2000 on net sales of $251.0 million, compared to net income of $9.5 million on net sales of $205.1 million for the 1999 fourth quarter. The 2000 fourth quarter was unfavorably impacted by $19.6 million of non-recurring charges primarily relating to the closure of certain inefficient manufacturing facilities.
The Company today reported a net loss of $4.9 million for its fiscal year ended December 30, 2000 on net sales of $891.9 million, compared to net income of $21.4 million on ...