Carlisle ’04 net off 10 percent on charges for for-sale units

Charlotte, North Carolina–Carlisle Cos. Inc. fell $10.5 million into the red in the fourth quarter on provisions taken for discontinued operations–including its automotive rubber products business–but income from continuing operations was 9.2 percent ahead of the 2003 fourth quarter.

Fiscal 2004 net income fell 10 percent to $79.6 million as Carlisle took a $38.7 million charge against earnings to compensate for operations now considered discontinued.

Carlisle listed its automotive rubber business for sale in mid-2004 but had not found a buyer as of mid-January. It also more…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with