CTB International Corp. Reports Improved Second Quarter Earnings of $5.8 Million Compared to Year-Ago Period Despite Sales Shortfall.
Linked as:
Extract
CTB International Corp. Reports Improved Second Quarter Earnings of $5.8 Million Compared to Year-Ago Period Despite Sales Shortfall.
Business Editors
MILFORD, Ind.--(BUSINESS WIRE)--July 23, 2002 CTB International Corp. (NASDAQ: CTBC) today reported second quarter net income of $5.8 million, or 52 cents per diluted share, up 8 percent from $5.3 million, or 48 cents per diluted share, in 2001's second quarter. The Company also reported reduced second quarter net sales of $63.7 million from $67.1 million in the year-ago period, primarily due to market conditions. Primary impacts on sales for the quarter included continued weakness in the U.S. egg production market and reduced domestic on-farm grain storage sales compared to last year, offset somewhat by sales added through the acquisiti...See the full content of this document
Sponsored links
