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impairment charge
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Veeco Reports Higher-Than-Expected Q2 Profits, Despite Falling Revenue From Sales of Blue LED MOCVD Systems to China
Aug 8, 2018For second-quarter 2018, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $157.8m, down slightly on $158.6m last quarter but up 40.6% on $112.2m a year ago. ...
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Sonoco Reports Third Quarter 2016 Results
Nov 18, 2016Sonoco, one of the diversified global packaging companies, reported financial results for its third quarter, ending 2 October 2016. Third Quarter Highlights Third quarter 2016 GAAP earnings per diluted share were $0.64, compared with ...
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B&G Foods Reports 49% Increase in Sales for Third Quarter 2016
Nov 14, 2016B&G Foods has announced a 49.2% increase in net sales for the July-September quarter of this year. Highlights (vs. year-ago quarter where applicable): Net sales increased 49.2% to $318.2 millionNet income increased 63.6% to $32.4 ...
Tags: B&G Foods, Financial Results
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PSG Swings to a Fiscal Q3 Loss on Retailer Bankruptcies
Apr 19, 2016Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
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Iconix Posts Steep Q4 Loss After Writeoffs
Mar 30, 2016Iconix Brand Group Inc. reported a loss of $263 million, or $5.44 a share, after charges of $402.4 million to writeoff the company's trademarks and goodwill. Over 90 percent of the impairment is related to the company's men's business ...
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SunOpta Sells Minerals Business to Focus on Food Distribution
Feb 17, 2016Canada-based organic food company SunOpta has entered into an agreement to sell Opta Minerals business to Speyside Equity Fund for CAD$6.2m ($4.4m), in order to focus on its core business of food distribution. The acquisition proposal has ...
Tags: SunOpta, organic food
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TPK Announces US$600 Million Net Loss for 3q15
Nov 6, 2015Touch panel maker TPK has announced net loss of NT$19.4 billion (US$600 million), or loss per share of NT$55.15 for the third quarter of 2015. The operating loss was primarily attributable to one-off asset impairment charges on ...
Tags: 3Q15, loss, touch panel, TPK
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Ascena Retail Group Has Updated Its Outlook for The Full Fiscal Ended July 25, 2015
Jul 15, 2015Ascena Retail Group has updated its outlook for the full fiscal ended July 25, 2015 and has said that its adjusted earnings per diluted share will rise between 22 and 25 per cent over its previous outlook. In a press release, Ascena added ...
Tags: apparel and clothing, apparel
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Veeco's Q4 MOVCD Revenue for Full-Year 2014 of $392.9m, up 18% on $331.7m in 2013
Feb 27, 2015Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue for full-year 2014 of $392.9m, up 18% on $331.7m in 2013. Fourth-quarter 2014 revenue was $113.6m, up 22% on $93.3m last ...
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Enn Reported a 7.6% Year on Year Hike in Sales for The Three Months Ended November 30
Jan 8, 2015Apparel marketer and NYSE listed Ennis, Inc reported a 7.6 per cent year on year hike in sales for the three months ended November 30, 2014. Third quarter of 2014 sales totaled $147.0 million, up 7.6 per cent from a year earlier quarter. ...
Tags: pricing pressures, apparel division, Apparel
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J Crew Posts Non-Cash Impairment Charges of $684.0 Million Pushed Apparel Retailer
Dec 16, 2014Non-cash impairment charges of $684.0 million pushed apparel retailer, J Crew Group to post a massive loss in the third fiscal quarter of 2014 as against net income in the prior year quarter. Net loss at the apparel retailer totalled to ...
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Collins Foods Reported a 37 Per Cent Lift in EBITA
Dec 2, 2014Australian quick service restaurant operator Collins Foods Limited, which operates KFC and Sizzler restaurants, has reported a 37 per cent lift in Earnings Before Interest Tax Depreciation and Amortisation (EBITA) and a 43 per cent lift in ...
Tags: Collins Foods, Agriculture
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Emmi Will Divest Trentinalatte to The Livia Group
Oct 8, 2014Switzerland-based dairy establishment Emmi will divest Trentinalatte, the yogurt manufacturer acquired in Italy in 2006, to The Livia Group. The move comes as Trentinalatte is anticipated to face decline in profits over the future, Emmi ...
Tags: Emmi, Livia Group, Food
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Blaenau Gwent Plant Closure Plan Was Announced Earlier This Year with The Loss of 67 Jobs
Sep 25, 2014The Blaenau Gwent plant closure plan was announced earlier this year with the loss of 67 jobs. The company is switching its carton packaging operation to its plant in Milton Keynes. It also faces an impairment charge of 1.4m in relation ...
Tags: AG Barr, Carton Plant Closure, Packaging
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Net Revenues for The Fiscal Second Quarter Ending June 28, 2014, Plunged 24.8 Percent
Sep 3, 2014Net revenues for the fiscal second quarter ending June 28, 2014, plunged 24.8 percent from a year earlier at Body Central, a multi-channel & specialty clothing retailer. Body Central said its net revenues for the second quarter of 2014 ...
Tags: clothing retailer, Apparel