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Chromcraft Revington, Inc. Reports Second Quarter and First Half Results.

Publication: Business Wire
Publication Date: 18-AUG-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Chromcraft Revington, Inc. Reports Second Quarter and First Half Results.(Financial report)

Article Excerpt
WEST LAFAYETTE, Ind. -- Chromcraft Revington, Inc. (NYSE Amex:CRC) today reported a reduced net loss for the second quarter of 2009 as compared to the prior year period on lower sales. These operating results include the elimination of unprofitable products and customer accounts, reduction of selling and administrative expenses and other cost cutting activity, and the shutdown and consolidation of facilities, reflecting actions needed as a result of the negative impact of the current economic recession and the globalization of the furniture industry.

The net loss for the current quarter was $2.5 million as compared to $6.0 million in the second quarter of last year. For the quarter ended July 4, 2009, sales were $14.6 million as compared to $25.6 million in the prior year...

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