Daily News Record, June 14th, 1985
C&A Net Slips 4% From '84s Record Quarter
Competing against last year's record quarter, Collins & Aikman reported first quarter earnings slid 4 per cent on a sales decline of 2.2 per cent.
Despite the lower figures, the company noted that sales and earnings in the latest quarter were the second highest in its history.
In the latest quarter ended May 31, earnings fell to $17,684,000, or 82 cents a share, from $18,414,000, or 85 cents.
Sales eased to $271,092,000 from $277,240,000.
"We were pleased with our performance during the quarter as we operated in a lackluster general economy aggr...
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