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Falcon Products Reports Results for Fiscal 2002 Fourth Quarter and Full Year.
Falcon Products, Inc. , a leading manufacturer of commercial furniture, today announced sales and operating results for its fourth quarter and fiscal year ended November 2, 2002.
Net sales for the fourth quarter of fiscal 2002 (13 weeks) were $75.8 million, compared with $83.8 million in the prior year (14 weeks), and net earnings were $1.2 million, or $0.13 per diluted share, compared with a net loss of $0.6 million, or $0.06 per diluted share, in the fourth quarter of 2001.
Franklin A. Jacobs, Chairman and Chief Executive Officer, stated, "During the fourth quarter the Company was challenged with the same difficult market conditions that it experienced ...
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