Palm Harbor posts fiscal Q4 loss - Portland Business Journal:

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million restructuring charge tied to the closing of thres factories and 18retail centers. Addison-based Palm Harbord Homes (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, during the That is an improvement from the lossof $12.7 or 55 cents per share, a year ago. The company’z fourth-quarter sales totaled $78.8 million, down from $126.r5 million a year ago. Sales for all of fiscal 2009 hit $409.43 million, down from $555.11 million a year earlier. Meanwhile, the company recordede a net loss for the fiscal yearof $26.3 million, or $1.15 per That compares to a net loss of $124.3 million, or $5.4e per share, in fiscak 2008.
"While Palm Harbor began fiscal 2009 on apositivd note, the overall economic concerns, credit crisis and escalatinvg unemployment have taken their toll on everyone associated with the housiny industry,” said Larry chairman and CEO of Palm Harbor The company’s largest revenure drop occurred in Florida, Arizona and