Thursday, May 10, 2012

Flow International swings to Q4 loss - Puget Sound Business Journal (Seattle):

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million, or a loss of 12 cent s a share, for its fiscal 2009 fourtbh quarter endedApril 30, 2009, compare d with net income of $13.3 million, or 35 cents a in the same quarter a year ago. The Kent, Wash.-based maked of industrial waterjet machines for cutting andcleaninbg (NASDAQ: FLOW) said the Q4 net loss includess a $3.8 million pre-tax charge related to its now-cancelex plans to acquire , and $1.4 milliohn related to “the write off of deferredd financing costs associated with the amendment to the Company'ss senior credit facility, centralizing its manufacturing operations, and severancse related to cost reductions.
” Flow’s consolidatecd revenues in the fourth quarter were $43.7 million, down from $63. 6 million a year ago, the company "We continue to see the impact of the globa economic slowdown in portions of our said Flow CEOCharley Brown. "We feel that roughly two-thirds of our fourthy quarter revenue stream has stabilizedwhilre one-third remains more volatile during thesee difficult economic times. Meanwhile, we continue to builds our new distribution channepl having added 20 distributors in 17 countries over the past six Brown said.

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