Corporate Profile for Thomas Nelson, dated June 4, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: June 4, 1999
Company Name: Thomas Nelson Inc.
Address: 501 Nelson Place
P.O. Box 141000
Nashville, TN 37214
Main Telephone
Number: 615/889-9000
Internet Home
Page Address
(URL) http://www.ThomasNelson.com
Chief Executive
Officer: Sam Moore
Chief Financial
Officer: Joe L. Powers
Investor Relations
Contact: Phyllis William
Business number: 615/902-1305
Trading Symbol/
Exchange: TNM/NYSE
Industry: Publishing
Market Makers: A.G. Edwards, J.C. Bradford, Paine Webber
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Company description: Thomas Nelson Thomas Nelson may refer to:
For fiscal year ended March 31, 1999, the Company had net revenues of $261.6 million, an increase of 3.4% from the previous fiscal year. Net income, excluding restructuring and other related costs, was $11.9 million, or $0.77 per basic share. Net income, after restructuring and other related costs of $4.7 million, was $8.9 million in the year. Basic earnings per share declined to $0.58 in the year compared to $0.74 in the prior year. The restructuring charge restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. reflects management's previously announced decision to phase out manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. at the C.R. Gibson subsidiary. The restructuring charge primarily includes severance and reserves for inventory to be liquidated. During 1998, Thomas Nelson, Inc. celebrated its 200th year as a Company that publishes, produces and markets products that honor God and serve humanity. From Pilgrim's Progress Pilgrim’s Progress Bunyan’s allegory of life. [Br. Lit.: Eagle, 458] See : Journey and the development of the rotary press rotary press Printing press that prints on paper passing between a supporting cylinder and a cylinder containing the printing plates. In contrast, the flatbed press has a flat printing surface. to modern Bible translations, books, gifts, CD-ROM's and the Internet, Thomas Nelson has become the world's largest Christian content provider. Nelson stock trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (TNM-NYSE). |
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