Phoenix Footwear Cites Growing Efficiencies
The company’s net income grew to $3,030,000 in its 1st quarter, ended April 1, from $1,181,000 in the year-ago period. Excluding a $1.5 million purchase price adjustment for Altama, earnings grew by 27 percent thanks to improved efficiency, the company said. Operating income jumped by 125.4 percent to $5.4 million. ...
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