USA: Miller Industries Reports Fiscal 2000 Fourth Quarter Results
Miller Industries, Inc. (NYSE: MLR) today announced results for its fiscal 2000 fourth quarter and fiscal year ended April 30, 2000. In the fiscal fourth quarter, net sales were $152.3 million, an 8% increase over net sales of $141.5 million in the fiscal 1999 fourth quarter. Before non-recurring and non-cash impairment charges of $76.9 million, the Company reported a fiscal 2000 fourth quarter loss from operations of $5.3 million compared to a loss of $3.5 million in the year ago period. The net loss for the fourth quarter of fiscal 2000 including the impairment charges was $72.5 million, or $(1.55) per diluted share, versus a loss of $4.5 million, or $(0.10) per diluted share in the fourth quarter of fiscal 1999.
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