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Latest FIFO and LIFO accounting Stories

2011-02-01 15:07:00

CARTHAGE, Mo., Feb. 1, 2011 /PRNewswire-FirstCall/ -- Full year earnings were $1.15 per share, versus $.70 in 2009 Full year sales were $3.36 billion, 10% higher than in 2009 4Q EPS from Continuing Operations was $.21, compared to $.26 in prior year 4Q sales were $802 million, 4% higher than in prior year Cash flow from operations was $363 million for the full year Repurchased 1.4 million shares during the quarter; finished year with net debt at 23.3% of net capital 2011 EPS guidance of...

2011-01-21 07:16:00

CLEVELAND, Jan. 21, 2011 /PRNewswire-FirstCall/ -- Applied Industrial Technologies (NYSE: AIT) today reported second quarter fiscal 2011 sales and earnings for the three months ended December 31, 2010. Net sales for the second quarter increased 18.7% to $529,517,000 from $446,253,000 in the comparable period a year ago. Net income for the quarter increased 102% to $21,193,000 or $0.49 per share compared to $10,487,000 or $0.24 per share last year. For the six months ended December...

2010-11-22 15:05:00

ATLANTA, Nov. 22, 2010 /PRNewswire-FirstCall/ -- Oxford Industries, Inc. (NYSE: OXM) announced today that it has signed a definitive agreement to sell substantially all of Oxford Apparel, one of its operating groups, to LF USA, a subsidiary of Hong Kong-based multinational Li & Fung Limited, the global consumer goods exporter, for $121.7 million. The transaction, which is structured as an asset sale, is expected to close by the end of the calendar year and is subject to customary...

2010-10-26 07:33:00

CLEVELAND, Oct. 26 /PRNewswire-FirstCall/ -- Applied Industrial Technologies (NYSE: AIT) today reported first quarter fiscal 2011 sales and earnings for the three months ended September 30, 2010. Net sales for the first quarter increased 20.5% to $527,501,000 from $437,743,000 in the comparable period a year ago. Net income for the quarter increased 85.5% to $20,755,000 or $0.48 per share compared to $11,187,000 or $0.26 per share last year. "We are pleased with the strength shown...

2010-10-26 08:00:00

ROLLING MEADOWS, Ill., Oct. 26 /PRNewswire/ -- The Metals Service Center Institute (MSCI), by a unanimous vote of its Executive Committee, will urge Congress to extend the so-called Bush tax cuts of 2001 and 2003 when lawmakers reconvene following the November mid-term elections. "Our economy remains very fragile, with extremely high unemployment, a record low level of construction, millions of foreclosures and tremendous uncertainty on the part of business about what blows may come...

2010-10-21 15:07:00

CARTHAGE, Mo., Oct. 21 /PRNewswire-FirstCall/ -- 3Q EPS of $.31 3Q sales of $867 million, 7% higher than in prior year Updated 2010 EPS guidance to $1.10 - 1.20 on sales of $3.30 - 3.35 billion Diversified manufacturer Leggett & Platt reported third quarter earnings per diluted share of $.31 (including a $.02 per share net LIFO expense). In the third quarter of 2009, earnings were $.34 per share (including a $.05 per share net LIFO benefit). Compared to third quarter 2009,...

2010-04-22 06:00:00

CLEVELAND, April 22 /PRNewswire-FirstCall/ -- Applied Industrial Technologies (NYSE: AIT) today reported sales and earnings for its fiscal 2010 third quarter, ended March 31, 2010. Net sales for the third quarter increased 7.6% to $486,141,000 compared to $451,647,000 in the same period last year. Net income for the quarter increased 43% to $16,525,000 or $0.39 per share compared to $11,560,000 or $0.27 per share last year. For the nine months ended March 31, 2010, sales were...

2010-03-29 15:00:00

ATLANTA, March 29 /PRNewswire-FirstCall/ -- Oxford Industries, Inc. (NYSE: OXM) today announced financial results for its fourth quarter and 2009 fiscal year ended January 30, 2010. Consolidated net sales were $190.5 million in the fourth quarter compared to $199.9 million in the fourth quarter of fiscal 2008, which ended January 31, 2009. On an adjusted basis, earnings per diluted share were $0.21 compared to $0.06 in the same period last year. On a U.S. GAAP basis earnings were $0.24...

2009-10-20 07:43:00

CLEVELAND, Oct. 20 /PRNewswire-FirstCall/ -- Applied Industrial Technologies (NYSE: AIT) today reported first quarter 2010 sales and earnings for the three months ended September 30, 2009. Net sales for the first quarter decreased 19.5% to $437,743,000 from $543,906,000 in the comparable period a year ago. Net income for the quarter was $11,187,000 or $0.26 per share compared to $22,536,000 or $0.52 per share last year. "Our sales, while significantly lower than those of the same...

2009-04-22 15:01:00

~ Sales Increased by 12.8% to $650.2 Million ~ ~ Same-Store Sales Increased 4.2% ~ ~ Earnings per Share of $0.01 vs. Loss per Share of $(0.05) ~ BRENTWOOD, Tenn., April 22 /PRNewswire-FirstCall/ -- Tractor Supply Company (Nasdaq: TSCO), the largest retail farm and ranch store chain in the United States, today announced financial results for its first fiscal quarter ended March 28, 2009. First Quarter Results Net sales increased 12.8% to $650.2 million from $576.2 million in the prior...


Word of the Day
kenspeckle
  • Having so marked an appearance as easily to be recognized.
This word may come from the Swedish 'kanspak,' quick at recognizing persons or things, or else from confusion with 'conspicuous.'