Ceramic Industry News

Oglebay Norton Reports Fourth Quarter and Full Year Results

Oglebay Norton Co. recently announced results for the fourth quarter and full year ended December 31, 2001. Revenues for the fourth quarter were $98.8 million compared to $102.4 million in the year-earlier period. For the full year 2001, revenues were $404.2 million compared with $393.2 million in 2000. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the fourth quarter were $13.2 million compared to $22.9 million in the fourth quarter of 2000. For the full year 2001, EBITDA was $67.7 million compared to $87.2 million in 2000. For the 12 months ended December 31, 2001, Oglebay Norton reported a net loss of $18.8 million, or $3.76 per diluted share. One-time charges for the full year 2001 included the previously disclosed, mostly non-cash pre-tax charges taken in the first quarter of 2001 totaling $11.0 million or $1.35 per share, in addition to the fourth-quarter charges of $1.55 detailed above. The first quarter charges related to a voluntary early retirement program, consolidation of several industrial sands operations, establishment of a reserve against an unsecured note receivable, and the mark-to-market valuations of the company's interest rate hedges as prescribed by Statement of Financial Accounting Standards (SFAS) No. 133 "Accounting for Derivative Instruments and Hedging Activities."

For more information, visit http://www.oglebaynorton.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

December 2014 Issue Highlights

Our December 2014 issue is now available! Posted: April 27, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!