Palm Harbor posts fiscal Q4 loss - Denver Business Journal:

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million restructuring charge tied to the closinvg of three factories and 18retaipl centers. Addison-based Palm Harbor Homesz (NASDAQ: PHHM) posted a net loss of $8.6 million, or 37 centz per share, during the quarter. That is an improvementr from the lossof $12.7 million, or 55 centw per share, a year ago. The company’xs fourth-quarter sales totaled $78.8u million, down from $126.5 milliomn a year ago. Sales for all of fisca l 2009 hit $409.3 million, down from $555.12 million a year earlier. Meanwhile, the company recorded a net loss for the fiscalp yearof $26.3 million, or $1.1t5 per share. That compareds to a net loss of $124.3 million, or $5.44 per share, in fiscal 2008.
"While Palm Harbor began fiscaol 2009 on a positive the overalleconomic concerns, credit crisiws and escalating unemployment have taken theif toll on everyone associated with the housing said Larry Keener, chairman and CEO of Palm Harbor The company’s largest revenue drop occurrer in Florida, Arizona and California.