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BUSINESS
May 11, 2000
Sunbeam Corp. said its first-quarter loss was almost as big as a year ago because of interest expenses following $2.6 billion in acquisitions. The maker of Sunbeam blenders and First Alert smoke alarms had a loss of $59.4 million, or 55 cents a share, compared with $60.7 million, or 60 cents, a year earlier. Sales rose 2.9% to $539.1 million from $523.9 million. Sunbeam continues to be hampered by costs stemming from fired Chairman Albert Dunlap's 1998 purchases of Coleman Co., First Alert Inc.
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BUSINESS
May 8, 1998 | Bloomberg News
Sunbeam Corp. Chief Executive Al Dunlap will unveil his cost-cutting plan for three acquired companies at an analysts' meeting Monday. Dunlap, trying to duplicate his slashing of Sunbeam's costs two years ago, is expected to fire 30%, or more, of the 9,100 employees at Coleman Co., Signature Brands USA Inc. and First Alert Inc., as well as shutter a similar percentage of their 21 factories. Dunlap wants to cut at least $150 million a year in costs at the three companies.
BUSINESS
August 15, 2000 | From Bloomberg News
Sunbeam Corp. posted a higher-than-expected second-quarter loss and said it will sell its Oster barber, beauty and animal-grooming products business. Sunbeam's shares fell 19%. Sunbeam, the No. 1 U.S. maker of small appliances, said its loss from operations increased to $54 million, or 50 cents a share, from $37 million, or 37 cents, a year ago. Sales fell 7.8% to $609.6 million.
BUSINESS
April 4, 1998 | From Reuters
Sunbeam Corp. said Friday that it expects to report a loss for the first quarter and has fired a top executive in charge of consumer products, sending its stock into a tailspin. The home appliance maker's stock lost 25% of its value, closing at $34.38, down $11.19, in composite trading on the New York Stock Exchange, where it was the biggest percentage loser and the most active issue with more than 16 million shares traded. The Delray Beach, Fla.
BUSINESS
May 11, 1998 | From Associated Press
Just when many Americans are thinking about breaking out their Coleman stoves and lanterns for another camping season, new parent Sunbeam Co. may be ready to take a chainsaw to company operations. Sunbeam Chairman "Chainsaw" Al Dunlap today intends to announce plans for putting his own stamp on recently purchased Coleman of Wichita, Kan.; Signature Brands USA Inc., the Glenwillow, Ohio-based makers of Mr. Coffee products; and First Alert Inc. of Aurora, Ill.
BUSINESS
March 3, 1998 | From Times Wire Services
U.S. companies on Monday announced about $22 billion of proposed mergers and acquisitions, extending a two-year explosion in corporate purchases. PacifiCorp's $10.3-billion bid for Britain's Energy Group was the biggest proposed transaction, topping Texas Utilities Co.'s $10.2-billion agreement announced earlier in the day. In a $3.6-billion agreement, Owens-Illinois Inc. said it would buy the glass and plastic packaging businesses of Britain's BTR, Owens' biggest acquisition. Sunbeam Corp.
BUSINESS
March 3, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Sunbeam Corp. Chief Executive Albert J. Dunlap, known more for his deep downsizings that earned him the moniker "Chainsaw Al," on Monday announced separate deals totaling $2.5 billion to buy the makers of Mr. Coffee, Coleman camping gear and First Alert smoke alarms. Three major acquisitions by one company in one day is unprecedented, but it's even more startling when the acquirer is a firm that many expected to see on the sales block itself. Instead of selling Delray Beach, Fla.
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