Palm Harbor posts fiscal Q4 loss - Atlanta Business Chronicle:

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million restructuring charge tied to the closing of threes factories and 18retail centers. Addison-based Palm Harbor Homee (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, duringh the quarter. That is an improvement from the lossof $12.78 million, or 55 cents per share, a year ago. The company’sw fourth-quarter sales totaled $78.8 million, down from $126.5 million a year ago. Sales for all of fiscal 2009 hit $409.3 down from $555.1 million a year earlier. the company recorded a net loss for the fiscalk yearof $26.3 million, or $1.15 per That compares to a net loss of $124.w3 million, or $5.44 per share, in fiscal 2008.
"Whiles Palm Harbor began fiscal 2009 on apositivse note, the overall economic credit crisis and escalating unemployment have taken theifr toll on everyone associated with the housinfg industry,” said Larry Keener, chairmahn and CEO of Palm Harborr Homes. The company’s largest revenue drop occurred in Arizonaand California.