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Cascade Posts A Loss For Its Fiscal 4Q

Stock quotes in this article: CAE  

PORTLAND, Ore. (AP) — Cascade Corp., which makes forklift attachments, hydraulic cylinders and other loading gear, Thursday posted a loss for its fiscal fourth-quarter on a sharp decline in revenue.

For the quarter ended Jan. 31, Cascade reported a loss of $30.5 million, or $2.82 per share, against net income of $8.8 million, or 74 cents last year. The latest results reflect a $46.4 million asset impairment charge.

Excluding the charge, the company reported adjusted earnings of $1.1 million, or 10 cents per share, in the quarter. ...

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