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Ferro Corporation
Ferro Reports First-Quarter 2008 Results
May 24th, 2008
Ferro Corporation (NYSE: FOE) announced that sales for the three months ended March 31, 2008 were a record $607.2 million, up 15 percent from the first quarter of 2007. Income from continuing operations for the first quarter of 2008 was $9.2 million, or $0.21 per diluted share, compared with income of $6.2 million, or $0.14 per share, in 2007. In the first three months of 2008, operating income included net pre-tax charges of $4.0 million. These charges were primarily related to restructuring and other manufacturing rationalization activities. In 2007, operating income was reduced by pre-tax expenses of $4.3 million primarily related to manufacturing rationalization...
Source: Law & Health Weekly (2008-05-24)
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