Magnetek (MAG) Reports Q4 EPS of $1.01
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Magnetek Announces Fourth Quarter and Fiscal Year 2014 Results
March 12, 2015 6:45 AM EDTQ4 Highlights
Net sales of $29.0 million increased 15% from last years fourth quarter, mainly due to higher sales into material handling and elevator markets. Q4 gross margin increased over last years fourth quarter by more than 400 basis points to 38.5% of sales. Q4 income from continuing operations, excluding a pension settlement charge (non-GAAP), was $3.7 million, or $1.01 per share, compared to $0.7 million, or $.22 per share last year (see following reconciliation). On a GAAP basis, including the non-cash pension settlement charge of $37.1 million, the Companys Q4 loss from continuing operations was $33.4... More