Ferro Reports 2006 Financial Results (3/27/07)
In 2006, operating income included net pre-tax expenses of $34.9 million, primarily related to previously announced manufacturing rationalization activities and costs associated with an accounting investigation and restatement. In 2005, operating income was reduced by pre-tax expenses of $14.1 million, primarily related to expenses from restructuring and the accounting investigation and restatement. Sales for the first quarter of 2007 are expected to be approximately $500 million to $525 million, reflecting continued growth across multiple business segments.
Additional details are available at www.ferro.com.