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Palm Harbor Homes, Inc. Reports First Quarter Fiscal 2010 Results.

Publication: Business Wire
Publication Date: 14-JUL-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Palm Harbor Homes, Inc. Reports First Quarter Fiscal 2010 Results.(Financial report)

Article Excerpt
DALLAS -- Palm Harbor Homes, Inc. (NASDAQ: PHHM) today reported financial results for the first quarter ended June 26, 2009.

Net sales for the first quarter of fiscal 2010 totaled $82.4 million compared with $130.0 million for the first quarter of fiscal 2009. Palm Harbor reported an operating loss of $5.1 million for the first quarter of fiscal 2010 compared with operating income of $0.8 million in the same period last year. Net loss for the first quarter of fiscal 2010 totaled $10.0 million, or $0.44 per share, compared with a net loss of $0.5 million, or $0.02 per share, a year ago. The results for the first quarter of fiscal 2009 included a pre-tax gain of $3.0 million on the repurchase of convertible senior notes.

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