Genrad Inc Q4 dil shr $0.20 vs $0.41
Tuesday January 26, 11:11 pm Eastern Time
WESTFORD, Mass., Jan 26 (Reuters) - Q4 - Three Months Ended January 2, 1999 January 3, 1998 % change Orders $54,758,000 $59,248,000 (8%) Total Sales 56,227,000 64,341,000 (13%) Net Income 5,682,000 12,052,000 (53%) Average Shares Outstanding: Basic 27,977,000 27,310,000 2% Diluted 29,019,000 29,621,000 (2%) Net Income Per Share: Basic 0.20 0.44 (55%) Diluted 0.20 0.41 (51%) Q4 - Twelve Months Ended Jan 2, Jan 3, % 1999 1998 change Orders $ 221,521,000$ 237,036,000 (7%) Total Sales 224,789,000 236,761,000 (5%) Net (Loss) Income (13,716,000) 41,295,000 NM Average Shares Outstanding: Basic 28,003,000 26,814,000 4% Diluted 28,003,000 28,788,000 (3%) Net (Loss) Income Per Share: Basic (0.49) 1.54 NM Diluted (0.49) 1.43 NM Net Income Excluding Unusual Charges and Deferred Tax Benefit: Net (Loss) Income, as reported (13,716,000) 41,295,000 Less: Deferred Tax Benefit (7,500,000) (5,388,000) Plus: Unusual Charges 41,971,000 -- Net Income Excluding Unusual Charges and Deferred Tax Benefit 20,755,000 35,907,000 (42%) Diluted Net Income Per Share Excluding Unusual Charges and Deferred Tax Benefit (a) 0.70 1.25 (44%) NOTE:(a)Including common stock equivalents of 1,447,000 for the twelve months ended January 2, 1999. |