Tulsa-Based Limco-Piedmont Earnings Plunge for Quarter, Year
The Journal Record › March 11, 2009
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Summary
A 20-percent rise in fourth-quarter revenue couldn't prevent an 81-percent plunge in earnings for aerospace parts and service supplier Limco-Piedmont, now relocating its Tulsa operations to North Carolina.
That drop helped slice Limco-Piedmont's overall 2008 earnings by 48 percent, missing Wall Street estimates. Officials also attributed that to rising expenses and one-time Sarbanes-Oxley Act and public company costs.See the full content of this document
Extract
Tulsa-Based Limco-Piedmont Earnings Plunge for Quarter, Year
But while the revenue mix at its Limco-Airepair subsidiary drove higher production costs and depressed gross margins, Co-chief Execut...
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