Chromcraft Revington, Inc. (CRC) Reports Strong Improvement in Earnings
Chromcraft Revington, Inc. reported net income of $4.7 million, or $1.00 per share, in the fourth quarter of 2009. The company lost $8.0 million, or $1.75 per share, in the same quarter last year. Chromcraft Revington, Inc. reported revenues of $15.4 million in the fourth quarter of 2009, a 4% decline on a sequential basis, and a 35% year over year decline from the $22.9 million reported in the fourth quarter of 2008. Chromcraft Revington, Inc. attributed the strong improvement in results to cost cutting and restructuring actions taken during the last few years. Ronald H. Butler, the CEO of…