Walter Industries Inc.Walter Industries Inc., Tampa, Fla., reported a fourth quarter loss of $73.4 million, or $1.88 per share, and full-year 2005 net income of $7 million, or $0.18 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share. The company has increased the expected operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. synergies from integrating Mueller and U.S. Pipe from a previous range of $2535 million to a new range of $40-50 million due to better than expected cost savings from the shutdown shut·down n. A cessation of operations or activity, as at a factory. shutdown Noun the closing of a factory, shop, or other business Verb shut down of U.S. Pipe's Chattanooga, Tenn., facility combined with Mueller and Anvil anvil Iron block on which metal is placed for shaping, originally by hand with a hammer. The blacksmith's anvil is usually of wrought iron (sometimes of cast iron), with a smooth working surface of hardened steel. plant consolidation and rationalization activities. Revenue for the Mueller and Anvil segments totaled $309.3 million for the quarter, while U.S. Pipe reported a fourth quarter revenue of $172 million. |
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