>>
Home / Knowledge / News / Textiles / Angelica Corp Q4 profit drops

Angelica Corp Q4 profit drops

09
Apr '08
Angelica Corporation announced financial results for its fourth quarter and fiscal year 2007 ended January 26, 2008. In addition, the Company confirmed that the closure and sale of its Edison, New Jersey facility was completed in January, 2008. As noted below, Edison had a significant negative impact on fiscal year 2007 results.

The Company also confirmed that its strategic alternatives review process, including a possible sale of the Company, continues.

Fourth Quarter Results, Three Months ended January 26, 2008:

Revenues for the fourth quarter of fiscal 2007 were $105.8 million, up 0.1% from $105.7 million for the fourth quarter of fiscal 2006. Total healthcare revenues increased 1.7% while non-healthcare revenues declined due to prior divestiture of non-healthcare accounts. Fourth quarter fiscal 2007 revenues from the closed Edison service center were $1.5 million versus $3.8 million in fourth quarter fiscal year 2006.

Gross profit for the fourth quarter of fiscal 2007 was $13.9 million, down 5.9% from $14.8 million in the fourth quarter of fiscal 2006. Gross margin for the fourth quarter of fiscal 2007 was 13.1%, down from 14.0% in the fourth quarter of fiscal 2006.

The decline in gross margin was related to operational difficulties in the Edison, New Jersey service center. Gross profit for the fourth quarter of fiscal 2007 for the closed Edison service center was a loss of ($3.5 million) versus a loss of ($1.3 million) in thefourth quarter of fiscal 2006.

Excluding the Edison service center in both years, gross margin in fourth quarter of fiscal 2007 was 16.7% versus 15.8% in the fourth quarter of fiscal 2006.

SG&A expenses for the fourth quarter of fiscal 2007 were $11.2 million, up from $10.1 million in the fourth quarter of fiscal 2006. As a percentage of revenue, SG&A was 10.5% in the fourth quarter of fiscal 2007 versus 9.5% in the fourth quarter of fiscal 2006. SG&A in the fourth quarter of fiscal 2007 included $0.4 million of expenses related to the strategic alternatives review process.


Must ReadView All

Pic: Shutterstock

Textiles | On 26th May 2022

CKFTA offers opportunities for Cambodia’s downstream processing sector

The Cambodia-South Korea Free Trade Agreement can help boost...

Pic: Shutterstock

Textiles | On 26th May 2022

China's logistics business expands in Jan-Apr 2022

China's logistics sector saw steady growth during January-April 2022, ...

Pic: Shutterstock.com

Apparel/Garments | On 26th May 2022

US apparel import from India jump 44% in March compared to Oct ’21

Apparel imports of the United States from India stood at $625.830...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Stan Jewell,

Stan Jewell

Founded in 1921, Renfro Brands is a leading designer, manufacturer, and...

Alissa Sandra Baier-Lentz & Billy McCall,

Alissa Sandra Baier-Lentz & Billy McCall

New York-based Kintra Fibers has developed a proprietary bio-based and...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

William Lundgren, Label - Bite Studios

William Lundgren
Label - Bite Studios

BITE Studios is a Sweden-based luxury womenswear label with a mission to...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Indofil Industries Limited - Specialty & Performance Chemicals Division
Tuyap Tum Fuarcilik Yapim A.S.
Inter Expo Center Ltd.
Taiwan Textile Federation (TTF)
Kornit Digital Asia Pacific Ltd
SHAHI Exports Pvt Ltd
Phong Phu international JSC (PPJ)
Landmark Group
Mesdan SPA
Lisa S.P.A.
Target Corporation (MN)
Sportswear Company Spa
Lululemon Athletica Inc
Helly Hansen Far East Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Marzoli Machines Textile s.r.l.
Bluesign Technologies Ag
Huntsman (Singapore) Pte Ltd
Groz-Beckert KG
Performance Days
CGS Inc.
THE BOMBAY DYEING ;& MFG.CO. LTD
Equinox Impex India
N9 World Technologies Private Limited
BTSR International S.P.A.
SYNERGIES HONG KONG LIMITED
Savio Macchine Tessili S.P.A.
BIANCA
ZAITEX spa
COTTON COUNCIL INTERNATIONAL
J ;& P Coats
Tchibo GmbH
Officina Meccanica Dora Enrico Srl
Babyshop
Loris Bellini S.r.l.
International Sourcing Expo Australia
Esprit Europe Services GmbH
Aquarelle Clothing Limited
Istanbul Fuarcilik A.S.
Hirdaramani International Export Private Limited
GHCL LIMITED
Coats Digital Limited
Gloria Jeans
Rayonese Textile Inc., Division de Culp Inc.
Stahl Holdings B.V.,
IFF Media Ag - International Media Services
Colours India Inc
Tory Burch Hong Kong Ltd
Rieter India Private Limited
Green Fibre
Chico’ FAS
UBM China (Shanghai)
Rosset ;& Cia Limited
Mayer & Cie. GmbH & Co. KG
OVS Hong Kong Sourcing Ltd.
TÜYAP IHTISAS FUARLARI A.S.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Aramark Uniform ;& Career Apparel, LLC
BIMBA ;& LOLA SL
Lottmann Communications
G-Star Raw C.V.
Page Industries Limited (Bangalore)
Jindal Worldwide Limited
IKEA of Sweden AB
LC Waikiki
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Alix Partners
Dow Silicones Corporation
Etam Group Strategy Hong Kong Limited
Messe Frankfurt Exhibition GmbH
Infor (Hong Kong) Limited
Shanghai  Aige Exhibition Service Co., Ltd
Lectra Technologies India Pvt Ltd.
Restoque S.A.
APLF Limited
Tradewind International Servicing
Abit
Groz-Beckert East Asia LLP
Walmart
Pt. Peraga Nusantara Jaya Sakti
Calvin Klein
MAS Active / MAS Kreeda / MAS Bodyline
Grasim Industries Limited
Cat Tuong Real Estate Group Joint Stock Company
Varner AS Retail
Applied DNA Sciences Inc
EMBEE CORPORATION
Meera Dyestuff Industries
FULGAR SpA
Eurofins BLC Leather Technology Centre Ltd
GIOVANNI BOZZETTO S.p.A.
Sportmaster Ltd.
Newtech Textile Technology Development (Shanghai) Company Limited
PVH Corporation
Eastman Chemical Company
Vardhman Textile Ltd
CSGIA(China Screen Printing & Graphic Imaging Association)
Gap International Sourcing Limited
Copenhagen Fashion Summit
Zydex Industries
DuPont de Nemours, Inc.,
Itema Weaving (India) Private Limited
The LYCRA Company Singapore  Pte. Ltd
Gokaldas Exports Limited
Shima Seiki Mfg. Ltd.
NV Michel Van de Wiele
TESTEX AG, Swiss Textile Testing Institute
Puma
Truetzschler India Private Limited
EUROVET ASIA LTD
X-Rite Asia Pacific Limited (HK)
ITMA Services Pte Ltd
H. Stoll AG & Company KG
Nandan Denim Limited
USTER
K AND D ITMACH EXPOSITIONS LLP
Indo Tex
G.A.S. unternehmenskommunikation gmbh
Desigual - ABASIC, S.A.
Aleph Srl
Benetton Group
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Arvind Limited
Xtema - Thomas Lebherz Textilmaschinen
Jiangsu Yingyang Nonwoven Machinery Company Limited
Karl Mayer Textilmaschinenfabrik GmbH
Zünd Systemtechnik AG
Sainsbury's Argos Asia Limited
BTC Textiles LLC
Brückner Trockentechnik GmbH & Co. KG
Maceton Limited
Vianney Textil Hogar S.A. De C.V.
DyStar India Pvt. Ltd
Centric Software
The LYCRA Company Singapore  Pte. Ltd
Decathlon
Brandix Lanka Limited
Woolmark Services India Pvt. Ltd.
Comasia Limited
Midas Clothing Limited
BRINKMANN GMBH
Nihalani Events Management
Color Service s.r.l.
Weitmann & Konrad GmbH & Co. KG
KAS Direct Sourcing
T.T. Limited
Alison Hayes Romania
IIGM Private Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Seasalt Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Tommy Hilfiger
Asos
Thai Acrylic Fibre Company Limited
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
John Varvatos
Under Armour Global Sourcing Ltd
Gatsby Africa
Sateri (Jiujiang) Fiber Co.,Ltd
Splash
Thermore (Far East) Ltd.
Palexpo SA
Datacolor AG Europe
Chori Company Limited
KIABI
Lacoste (Wanchai)
Flainox S.r.l.
Lenzing Aktiengesellschaft - India
GERBER TECHNOLOGY LTD.
Haelixa AG
Kern – Liebers Textile
Saurer Textile Solutions Pvt. Ltd.
Hela Clothing Pvt Ltd
Reiter India Private Limited
TESCO INTERNATIONAL SOURCING LIMITED
IDH – The Sustainable Trade Initiative
Recron Polyester from Reliance Industries Limited
JES MEDIA, INC
Italian Trade Commission
EPCH
Bluestem Global Sourcing Limited
Boardriders Asia Sourcing Limited
The Top Form Brassiere Manufacturing Company Limited
C;&A Sourcing International Ltd
Guess Europe Sagl,
VNU Exhibitions Asia
Lifestyle
Datatex Consulting Srl
Messe Duesseldorf
Thai Trade Center
TEXVALLEY MARKET LIMITED
FESPA (Reigate)
China World International Exhibition Company Limited
Lenzing Aktiengesellschaft
Amazon China
NITI Aayog
International Textile Manufacturers Federation
Recron Polyester from Reliance Industries Limited

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search