Champion parts income fall 47.5% in 2Q.
Net sales were down 26 percent to $5.1 million, compared with $6.9 million in 2003.
Jerry A. Bragiel, president and chief executive officer, attributed the lower sales to a decline of carburetor net sales and a soft market for air conditioning products, due to mild temperatures and excessive rainfall particularly in the Sunbelt. The company also reported slightly higher interest expense during the period resulting from an extension of its expired credit facility.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Public Company Reports|
|Comment:||Champion parts income fall 47.5% in 2Q.(Public Company Reports)|
|Article Type:||Brief Article|
|Date:||Aug 23, 2004|
|Previous Article:||Dillard's reports 2Q net loss of $26 million.|
|Next Article:||AERT second quarter earnings down 63%.|