Thursday, Dec 08, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

Tecumseh Products reports loss

TECUMSEH, Mich. -Tecumseh Products Co. said yesterday it lost $6.5 million, or 35 cents a share, in the second quarter compared to a profit of $23 million, or $1.27 a share, at the same time last year.

The company, a leading manufacturer of refrigeration compressors and lawn mower engines, said that sales in the three months ended June 30 were $482 million, up from $395 million in the prior-year period.

The second-quarter loss was attributed to plant closings and other restructuring costs in the firm's engine and powertrain unit.

Points of Interest
Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…