Printer Friendly

ROWE FURNITURE ANNOUNCES FIRST QUARTER EARNINGS

 ARLINGTON, Va., March 30 /PRNewswire/ -- Gerald M. Birnbach, chairman of the board and president of Rowe Furniture Corporation (AMEX: ROW), announced today that net shipments for the first quarter ended Feb. 28, 1993, totaled $20.4 million or 22 percent above the $16.7 million reported in the prior year
quarter. Net income for the quarter of $808,000 or $0.20 per share compared favorably with a loss of ($57,000) or ($0.01) per share in the first quarter of 1992.
 Birnbach noted that the quarter results were consistent with the previously released forecast and reflects continued improvement in market share and benefits from cost containment programs.
 First Quarter Feb. 28, 1993 March 1, 1992
 Net Shipments $20,377,000 $16,718,000
 Net Income (Loss) 808,000 (54,000)
 Average Shares 4,036,000 3,847,000
 Share Earnings:
 Net Income (Loss) 0.20 (0.01)
 -0- 3/30/93
 /CONTACT: G.M. Birnbach, Chairman of the Board and President, Rowe Furniture, 703-413-6050/
 (ROW)


CO: Rowe Furniture Corporation ST: Virginia IN: REA SU: ERN

CM -- CH001 -- 0893 03/30/93 09:14 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 30, 1993
Words:186
Previous Article:PACIFIC SCIENCE CENTER BEGINS RENOVATION
Next Article:SEABOARD BANCORP, INC. ANNOUNCES COMPLETION OF FIRST PHASE OF COMBINED SUBSCRIPTION RIGHTS AND COMMUNITY OFFERING OF COMMON STOCK
Topics:


Related Articles
ROWE FURNITURE CORPORATION ANNOUNCES RESULTS
ROWE FURNITURE CORPORATION ANNOUNCES EARNINGS
ROWE FURNITURE ANNOUNCES PROJECTIONS FOR FOURTH QUARTER RESULTS
ROWE FURNITURE ANNOUNCES EARNINGS FORECAST FOR FIRST QUARTER 1993
ROWE FURNITURE ANNOUNCES EARNINGS FORECAST FOR SECOND QUARTER 1993
ROWE FURNITURE CORPORATION ANNOUNCES EARNINGS
ROWE FURNITURE ANNOUNCES EARNINGS FORECAST FOR FIRST QUARTER 1994
ROWE FURNITURE CORPORATION ANNOUNCES EARNINGS FOR FIRST QUARTER ENDED FEBRUARY 26, 1995
ROWE FURNITURE REPORTS RESULTS FOR FIRST QUARTER

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters