- THE MAGAZINE
Ferro Corp. recently announced that sales for the quarter ended March 31, 2007, were $530 million, up 5% from $505 million in the first quarter of 2006. Income from continuing operations for the 2007 first quarter was $6.2 million, or $0.14 per diluted share, compared with $8.4 million, or $0.19 per diluted share, in the first quarter of 2006. Income from continuing operations declined primarily as a result of higher interest expense and restructuring charges. The 2007 first quarter income from continuing operations included net pre-tax expenses of $4.3 million primarily related to previously-announced manufacturing rationalization activities. The company will host a conference call today at 10 a.m. EST. To participate, call (888) 323-2711 or (210) 234-0008. When prompted, refer to the pass code, FOE, and the conference leader, David Longfellow.
The conference call will also be broadcast live over the Internet and will be available for replay through the end of the second quarter. The live broadcast and replay can be accessed through the Investor Information portion of the company’s website at www.ferro.com.