Oneida Ltd. recently announced financial results for its first quarter ended May 1, 2004, including an increase in sales. Sales for the quarter totaled $110.6 million, up from $107 million for the same period a year ago. First quarter net income, including extraordinary items, was $54.4 million, equal to $3.25 per share, compared to a loss of $3.4 million, equal to $0.21 per share, for the same period a year ago. Without the extraordinary items but including charges related to inventory writedowns and professional fees, Oneida reported a first quarter loss of $6.3 million. The extraordinary items, totaling $60.7 million, included the net effect of eliminating the company's post-retirement medical liabilities and freezing the defined benefit pension plans.