Connections +
News

Superior Essex Inc. reports first quarter 2008 results

Superior Essex reported revenues of US$757 million and earnings of US$0.37 per diluted share. These results compare...


May 2, 2008  


Print this page

Superior Essex reported revenues of US$757 million and earnings of US$0.37 per diluted share. These results compare to revenues of US$696 million and earnings of US$0.45 per diluted share in the first quarter of 2007.

Included in first quarter 2008 diluted earnings per share was US$9.6 million in pre-tax facility restructuring charges related primarily to the previously announced North American Magnet Wire factory consolidation project.

The revenue increase in the first quarter of 2008 included the benefit of the three magnet wire acquisitions completed in 2007, along with the positive impact of currency exchange rates in the European operations, the company said.