Sales declines, cost hikes hurt public companies

McIntosh, Jay
May 2008
Furniture/Today;5/19/2008, Vol. 32 Issue 36, p16
Trade Publication
The article reports on the decline of the earnings for eight of the 12 publicly held companies on the top 25 list in 2007 due to weaker sales and rising raw materials and shipping costs in the U.S. The rising cost for imported goods was attributed to rising labor and raw materials expenses in China. Six out of the 12 companies posted losses. INSET: About the Top 25 ranking.


Related Articles

  • Stanley 4Q sales drop 13.3%, profits off 23.7%. Combs, Heath E. // Furniture/Today;2/5/2007, Vol. 31 Issue 22, p26 

    The article reports on the dip in furniture sales by 13.3% and profit by 23.7% for Stanley Furniture in the year 2006. Various causes related to decrease in sales such as lower margins, low production levels and higher cost of raw materials, compensation and energy costs are reported. The...

  • Sonoco's Profits Drop in '08.  // Official Board Markets;2/14/2009, Vol. 85 Issue 7, p12 

    The article reports the drop in the profits of Sonoco in the fourth quarter of the year 2008. The full year base earnings of the company fell from $242.4 million in the year 2007 to $226.4 million in 2008, whereas the net sales for the fourth quarter of 2008 were $934.6 million. The fall was due...

  • Michelin '13 earnings up, sales drop.  // Tire Business;2/17/2014, Vol. 31 Issue 23, p3 

    The article reports that low raw material costs and improved efficiency help in improving the operating income of Group Michelin SA, tire manufacturer. It mentions that the negative currency exchange does not affect the earning of the company. It mentions that the company forecast on the sales...

  • Valeo sees higher sales.  // Automotive News;2/14/2005, Vol. 79 Issue 6134, p3 

    The article reports that French car parts maker Valeo SA says it is hoping for sales growth of 2 percent to 3 percent this year after posting a drop in 2004 profits. Chairman Thierry Morin says Valeo will look for ways to reduce the impact of further increases in raw material costs, which hurt...

  • Greiner: diversifying works. White, Liz // Urethanes Technology;Jun/Jul2006, Vol. 23 Issue 3, p6 

    The article reports on the growth of Greiner Group. Greiner Group, which operates the Eurofoam joint venture in flexible foam with Belgian group Recticel NV, achieved an 8.4 percent increase in turnover in 2005. Its sales reached $1030 million despite rising raw materials and difficult market...

  • Omnova's Earnings Rise Despite High Raw Material Costs. Seewald, Nancy // Chemical Week;9/26/2007, Vol. 169 Issue 31, p11 

    The article reports on the financial performance of Omnova Solutions. The company reported an increase in the 2007 third-quarter earnings from continued operations, to $4.5 million, from $1.2 million in the year-ago period. However, operating profits declined 3% due to higher raw material and...

  • 2004 was a stellar year for BASF. Robinson, Simon // European Chemical News;3/14/2005, Vol. 82 Issue 2138, p7 

    Presents the financial performance of BASF in 2004. Factor which helped the company to overcome price increases to cover high raw materials costs; Operating profits for the year; Percentage of increase in the company's sales growth.

  • Juhayna posts fall in FY profit. Abdulla, Hannah // Aroq - Just-Food.com (Global News);2/20/2015, p1 

    A reprint of the article "Juhayna posts fall in FY profit" by Hannah Abdulla, which appeared in the online resource' February 17, 2015 issue, is presented.

  • Bel profits fall in 2014. Best, Dean // Aroq - Just-Food.com (Global News);3/30/2015, p2 

    A reprint of the article "Bel profits fall in 2014" by Dean Best, which appeared in the online resource' March 27, 2015 issue, is presented.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics