FRANCE: R&B, Inc. Reports Second Quarter 2000 EPS of $0.18, Lower Borrowing Levels
R&B, Inc., (Nasdaq: RBIN - news) today reported diluted earnings per share of $0.18 for its second fiscal quarter ended June 24, 2000, a significant improvement over results posted in its first fiscal quarter ended March 25, 2000. On a year over year basis, net income for the second quarter of 2000 was $1.5 million compared to $2.8 million, or $0.33 per diluted share, for the second quarter of 1999. Net income for the first half of 2000 was $2.7 million, or $0.32 per diluted share, compared to $4.1 million, or $0.49 per diluted share in the first half of 1999. Net income in the first quarter of 2000 included a non-recurring gain on the sale of the Company's lift support business of approximately $1.1 million after tax.
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