Ameron Reports Third-Quarter Loss on Comparable Operating Performance.
Business Wire › September 23, 2004
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Ameron Reports Third-Quarter Loss on Comparable Operating Performance.
PASADENA, Calif. -- Ameron International Corporation (NYSE:AMN) reported a loss of $1.05 per diluted share on sales of $155.4 million in the third quarter ended August 29, 2004. Ameron earned $.94 per diluted share on sales of $155.2 million in the third quarter of 2003.
As previously announced, two executive benefit plans were terminated in the third quarter of 2004, resulting in a nonrecurring $12.8 million pretax charge associated with the curtailment and settlement of the plans. The after-tax impact of the curtailment and settlement was $14.9 million due to restrictions on the deductibility of certain executive compensation. Additionally, 2003 third-quarter pretax results included a $2.5 million g...See the full content of this document
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