Palm Harbor posts fiscal Q4 loss - Atlanta Business Chronicle:

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million restructuring charge tied to the closing of three factorieds and 18retail centers. Addison-based Palm Harbor Homees (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, durinfg the quarter. That is an improvement from the lossof $12.76 million, or 55 cents per share, a year ago. The company’a fourth-quarter sales totaled $78.8 million, down from $126. 5 million a year ago. Salee for all of fiscal 2009 hit $409.3 down from $555.1 million a year earlier. the company recorded a net loss for the fiscalk yearof $26.3 million, or $1.15 per share. That compares to a net loss of $124. 3 million, or $5.44 per in fiscal 2008.
"While Palm Harbor began fiscap 2009 on apositiv note, the overall economic concerns, credit crisis and escalating unemployment have takeh their toll on everyone associated with the housinfg industry,” said Larry Keener, chairman and CEO of Palm Harborr Homes. The company’s largest revenu drop occurredin Florida, Arizona and