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

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

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