Ceramic Industry News

Oneida Announces Third Quarter Results

December 14, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
Oneida Ltd. recently announced financial results for the third quarter and nine months ended October 30, 2004. Consolidated revenues for the third quarter were $102.2 million, compared to $117.5 million in the third quarter a year ago. This quarter's results included only one month of operations from Encore Promotions, Inc., a subsidiary that was sold on August 27, 2004. Third quarter revenues excluding Encore totaled $99.7 million, vs. $109.7 million in the prior year on a comparable basis. Oneida's third quarter operating loss, before impairment of intangible assets, restructuring and asset disposal charges, totaled $1.1 million, compared to a $14.4 million loss in the third quarter of last year. The prior year's loss also included an inventory write-down of $12.5 million. Net loss for the third quarter this year was $23.8 million, or $0.57 loss per share, compared to a net loss of $74.8 million, or $4.50 loss per share the previous year. As a result of the debt-to-equity conversion completed in August 2004 as part of the restructuring of the company's existing indebtedness, average shares outstanding increased to 41.7 million shares during the quarter ended October 2004, up from 16.6 million shares during the quarter ended October 2003.

For more information, call (315) 361-3138.

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

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

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

THE MAGAZINE

Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

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.

Directories

CI Data Book July 2012

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

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40