Furniture Brands International reports sales & earnings for Q3
26 Oct '06
2 min read
Diluted net earnings per common share were $1.08 for the nine months as compared to $0.84 ($0.78 pro forma for $3.4 million of net stock option expense) in the first nine months of 2005.
Included in the 2006 nine months net earnings were restructuring, asset impairment and severance charges totaling $0.08 per diluted common share; $0.11 per diluted common share from the recognition of an accounting gain on interest rate swaps as a result of the refinancing of the company's revolving credit facility.
But offsetting this gain was the effect of $0.05 in increased interest expense; and $0.02 in increased reserves related to a previously disclosed litigation matter.
Included in the 2005 nine months net earnings were restructuring, asset impairment and severance charges totaling $0.24 per diluted common share.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
