O'Sullivan sales up 5%, but income dips

Article Abstract:

O'Sullivan Inds.' sales for the fourth quarter and fiscal year increased, but its net income declined as a result of a year-long program to place new software systems and equipment in its plants. While its sales for the fourth quarter increased by 5.2% from a year earlier to 484.4 million and sales for the fiscal year that ended Jun. 30, 1998, hiked 5% to $339.4 million, O'Sullivan's net income declined by around 9% for both the quarter and year. Net income for the quarter totaled to only $4.1 million and $14.9 million for the fiscal year.

Comment:

Sales for fourth quarter & fiscal year increases, but net income drops due to a year-long program to place new systems in plants

O'Sullivan Industries Holdings Inc., Article

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Knape & Vogt sales decrease 12.4% as net profits fall 58.5%

Article Abstract:

Knape and Vogt posted a drop of 12.4% in its sales to $33.1 million for the quarter ending September 29, 2001. The company also posted a decline of 58.5% in its net profits to $905,628 in the quarter.

Wood partitions and fixtures, Wood Partitions & Fixtures, Knape and Vogt Manufacturing Co., KNAP

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Councill cuts 50 workers

Article Abstract:

Councill Cos. is downsizing its labor force by 50 employees as a result of a slow business environment. The layoffs will take place primarily in the case goods operation.

Labor force information, Wood office furniture, Councill Co.

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