McConnellsburg, Pa.-based JLG Industries Inc. reported revenues for the fourth quarter ended July 31, 2001, of $282 million compared with $340 million in the year-ago quarter.
Net income, excluding non-recurring charges, was $16 million, or 37 cents per diluted share, and in line with the company's previous guidance. Net income, including non-recurring charges, was $6 million, or 13 cents per diluted share.
As announced in mid-June, the company recorded a $16 million pre-tax non-recurring repositioning charge reducing earnings by 24 cents per diluted share. Cash charges total $5 million out of the $16 million.
For fiscal 2001, revenues were $964 million compared with $1,056 million last year. Net income, excluding non-recurring charges, was $44 million, or $1.04 per diluted share. Net income, including non-recurring charges, was $34 million, or 80 cents per diluted share, compared with $61 million, or $1.37 per diluted share, a year ago.
