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

Camco Earnings Rise
Feb 5, 2003
 Printable format
 Email this Article
 Search

Canada's Camco Inc. said it returned to profitability in the fourth quarter, helped by a growing North American appliance market. But the maker of refrigerators, freezers and clothes dryers warned that due to shrinking orders it is "exploring options" for its Hamilton plant. That includes adding to the product line, reducing production volumes or even closing the plant, Camco said.

The company said that depending on the decision, it could result in a major expenditure or writedown. Camco, which makes app liances for such brands as General Electric, Hotpoint and Moffat, also has a plant in Montreal. The company said it earned C$6.1 million (U.S. $4.0 million), or C$0.31 a share, for the quarter ended Dec. 31, up from a loss of C$500,000, or C$0.02, for the same period last year.

Fourth-quarter sales climbed to C$182 million from C$179 million in the same quarter a year ago. It credited 12.2-percent growth in the Canadian appliance market in 2002, as well as 6.6-percent growth in the U.S.

Back to Daily News

 

Daily News

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

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows