For more financial numbers and outlook, take a look at the full Steinway press release.First Quarter Results
- Sales of
$70 million , down 26%- Gross margin decreased to 26.6% from 29.1%
- Operating expenses reduced
$4 million , or 17%- Net income of
$1 million , down 49%, which includes a gain on debt extinguishment- Diluted earnings per share of
$0.12 , down 48%Balance Sheet Highlights
- Cash of
$27 million - Revolver availability of over
$86 million - Working capital of
$223 million
Wednesday, May 06, 2009
Steinway Releases Q1 2009 Results
Steinway (NYSE:LVB) just released its first quarter 2009 fiscal results, with net earnings of 0.12 per share:
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