APW Ltd. Announces First Quarter Results.

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APW Ltd. Announces First Quarter Results.

Business Editors/High Tech Writers

ST. MICHAEL, Barbados--(BUSINESS WIRE)--Dec. 19, 2001

APW Ltd. (NYSE: APW), a leading Technically Enabled Manufacturing Services "TEMS" Company, announced today its financial results for the fiscal first quarter ended November 30, 2001. The following results exclude all non-recurring charges in both the current and prior year periods.

FISCAL FIRST QUARTER SUMMARY

Sales for the three months ended November 30, 2001 were $220 million, a 24% decline from the fourth quarter ended August 31, 2001, and a decline of 39% from the same period last year.

Cash earnings, which exclude amortization and non-cash financing costs, were a ...

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