We can no longer carry the burden of this underperforming product line. So we're now exploring other strategic options including the sale of our floor care business.
More Quotes from Ralph Hake:
These are times of high uncertainty for consumers and for our appliance business, ... However, if the industry and our orders hold at present levels for the balance of the year, we will achieve the current analysts' earnings consensus in the fourth quarter.Ralph Hake
Our sales growth in the quarter reflected the Amana acquisition and strong sales of higher-margin major appliances, ... That favorable sales mix improved operating income.
Ralph Hake
Our fixed cost structure remains a barrier to acceptable financial performance,
Ralph Hake
There is a host of new entries, ... Each one has tremendous capacity, and the rivalry is extremely intense. That will affect the government's judgment.
Ralph Hake
We believe this additional time will be sufficient for the review to be completed, and we are confident that the acquisition will close rapidly upon completion of the review.
Ralph Hake
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