Palm Harbor posts fiscal Q4 loss - Atlanta Business Chronicle:

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million restructuring charge tied to the closing of three factoriesa and 18retail centers. Addison-based Palm Harbotr Homes (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, during the That is an improvementg from the lossof $12.7 million, or 55 cents per share, a year ago. The company’w fourth-quarter sales totaled $78.8 million, down from $126.r5 million a year ago. Salezs for all of fiscal 2009 hit $409.3e million, down from $555.1 million a year Meanwhile, the company recorded a net loss for the fiscakl yearof $26.3 million, or $1.1t5 per share. That compares to a net loss of $124. million, or $5.44 per share, in fiscal 2008.
"While Palm Harbo began fiscal 2009 on apositive note, the overallp economic concerns, credit crisis and escalating unemployment have takejn their toll on everyone associated with the housing said Larry Keener, chairman and CEO of Palm Harborf Homes. The company’s largest revenue drop occurred in Arizonaand California.