Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Fedders Reports Declined Q2 Sales, Profit
Aug 9, 2006
 Printable format
 Email this Article
 Search

HVAC maker Fedders Corporation reported second quarter net sales declined 22.1 percent to U.S. $95.6 million compared to $122.7 million in the second quarter of 2005.

Sales of $195.3 million in the first 6 months of 2006 were essentially even with sales of $195.6 million in the prior-year period. Sales in the Heating, Ventilating, Air Conditioning, and Refrigeration (HVAC/R) segment declined 23 percent during the second quarter. For the 6 months, HVAC/R sales were essentially flat as a slight decline in appliance sales was offset by growth in commercial and residential unitary air conditioner sales.

Gross profit for the second quarter of 2006 declined to $13.7 million, or 14.3 percent of net sales, compared with $23.1 million, or 18.8 percent of net sales, in the prior-year quarter. For the 6-month period, gross profit declined to $26.4 million, or 13.5 percent of net sales, compared with $36.7 million, or 18.8 percent of net sales, in the prior-year period.

Subsequent to the second quarter, the company announced it was exploring the possible sale of its global indoor air quality (IAQ) businesses, which are not core to the company's principal residential and commercial HVAC businesses and amount to approximately $50 million in sales.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows