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

Salton Reports Declined Q2 Results
Feb 9, 2005
 Printable format
 Email this Article
 Search

Salton, Inc., known for its Salton(R), George Foreman(R), Westinghouse(TM), Toastmaster(R), Melitta(R), and Farberware(R) brands, reported net sales of U.S. $377.0 million for the quarter versus $397.1 million for the same period in fiscal 2004.

Salton said the decrease in net sales was due primarily to a $49 million decline in U.S. sales, which was attributed to product shortages.

The company also reported net income of $2.8 million, or $0.18 per diluted share, versus net income of $12.3 million, or $0.81 per diluted share, for the second quarter of fiscal 2004.

For the 6-month period ended Jan. 1, 2005, Salton reported net sales of $651.1 million versus $635.6 million for the same period in fiscal 2004. Salton reported a net loss of $0.4 million, or $0.04 per diluted share, versus net income of $13.1 million, or $0.86 per diluted share for the first 6 months of fiscal 2004.

Salton said the quarter reflected its earlier restructuring efforts and the company experienced strong growth in new markets such as Brazil and Mexico.

"We have increased prices on many of our products, reflecting our desire to pass on higher raw material and energy costs," said Leonhard Dreimann, CEO of Salton, Inc. "Our international business continues to grow. We continue to see strong results in South Africa, Europe, Australia, and Brazil. We will continue to selectively invest internationally, to capitalize on opportunities available in many of these growth markets."

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