Blyth Posts Quarterly Profit Results
Blyth recorded a goodwill impairment charge of $12 million, or 19 cents per share, in the current quarter versus a charge of $53.3 million in the prior-year period. Adjusted earnings were $39.8 million, or $1 per share, versus $25.8 million, or 63 cents per share. Analysts surveyed by Thomson Financial forecast earnings of 60 cents per share.
Quarterly revenue for the period ended Jan. 31, 2007 dipped 0.2 percent to $379.8 million from $380.7 million. The prior-year's results included $3.1 million in sales from the Impact Plastics operation, which was sold in the fourth quarter of last year.
Related News
-
PartyLite Parent Names New CEO
October 14, 2015 PLYMOUTH, Mass.-- Blyth, Inc., a direct-to-consumer manufacturer and distributor of home fragrance, household products and accessories, today will name Harry Slatkin as Chief Executive Officer and member of the Board of Directors. Blyth, Inc. was recently acquired by The Carlyle Gro... Read More...PartyLite Parent Acquired by Investor
GREENWICH, Conn. and NEW YORK, Aug. 31, 2015 -- Global alternative asset manager The Carlyle Group and Blyth, Inc., a direct-to-consumer manufacturer and seller of candles and home fragrance products, today announced they have entered into a definitive agreement under which The Carlyle Group will ac... Read More...PartyLite Celebrating Earth Hour 2015
March 4, 2015 -- Lights off! Candles on! That's the idea behind Earth Hour, which happens around the world from 8:30 p.m. to 9:30 p.m. local time Saturday, March 28.Over the last eight years, Earth Hour has grown from a symbolic "lights out" event in Australia to an annual global event celeb... Read More...
PartyLite Products Now Available In Turkey
GREENWICH, Conn., Jan. 26, 2015 -- Blyth, Inc., a direct to consumer company and leading designer and marketer of candles and accessories for the home and health, wellness and beauty products, household convenience items and personalized gifts sold through the direct selling and direct marketing cha... Read More...
