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

Royal Appliance Reports Results
Feb 14, 2003
 Printable format
 Email this Article
 Search

Royal Appliance Mfg. Co., maker of Dirt Devil(R) floor care products and the Telezapper(R), had net income of U.S. $9.6 million, or $0.69 per share for the year ended Dec. 31, 2002, compared to $9.3 million or $0.65 per share for the year ended Dec. 31, 2001. Net sales for the year ended Dec. 31, 2002 were $389.7 million, down 7.5 percent from last year's $421.3 million.

Net income increased for the fourth quarter ended December 31, 2002, to $7.7 million, or $0.56 per share, from $3.8 million, or $0.27 per share for the comparable 2001 period. Net sales for the fourth quarter ended December 31, 2002 decreased 7.6 percent to $117.5 million from $127.2 million for the comparable 2001 period.

The Company recorded earnings of $0.31 per share in the fourth quarter of 2002 from the settlement of litigation and revenues from various licensing agreements of the Company's intellectual property, including the TeleZapper(R) and the Company's bagless upright vacuum technology.

As previously announced, Royal has entered into a definitive agreement for its acquisition by TechTronic Industries. The
agreement provides for Royal Appliance shareholders to receive $7.37 per share in cash, or a total purchase price of approximately $105 million.

Back to Daily News

 

Daily News

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

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows