TCP (TCPI) Tops Q1 EPS by 3c

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Go back to TCP (TCPI) Tops Q1 EPS by 3c

TCP Reports First Quarter 2015 Financial Results

May 4, 2015 4:01 PM EDT

AURORA, Ohio, May 4, 2015 /PRNewswire/ -- TCP International Holdings Ltd. (NYSE: TCPI), a leading global manufacturer and distributor of energy efficient lighting technologies, today announced financial results for its first quarter ended March 31, 2015.

Net sales for the first quarter of 2015 were $98.8 million, a 35% decrease compared with $153.1 million in the fourth quarter of 2014 and a 2% decrease compared with $101.1 million in the first quarter of 2014.  Net loss in the first quarter of 2015 was $1.2 million, or $0.04 per diluted share, compared to net income of $2.1 million, or $0.07 per diluted share, in the fourth quarter of... More