Palm Harbor posts fiscal Q4 loss - Atlanta Business Chronicle:

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million restructuring charge tied to the closinfg of three factories and 18retailk centers. Addison-based Palm Harbor Home s (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, during the That is an improvement from the lossof $12.78 million, or 55 cents per a year ago. The company’s fourth-quarte r sales totaled $78.8 down from $126.5 million a year ago. Sales for all of fiscal 2009 hit $409.3 million, down from $555. million a year earlier. Meanwhile, the companyg recorded a net loss for the fiscal yearof $26. 3 million, or $1.15 per share. That comparese to a net loss of $124.3 million, or $5.4 per share, in fiscalk 2008.
"While Palm Harbor began fiscal 2009 on apositive note, the overall economic concerns, creditr crisis and escalating unemployment have taken their toll on everyone associated with the housing industry,” said Larry chairman and CEO of Palm Harbor Homes. The company’s larges t revenue drop occurredin Florida, Arizona and California.