November 10, 1999
* Sunbeam Corp. said its third-quarter loss narrowed to $47.4 million, or 47 cents a share, from a loss of $188.9 million, or $1.88, a year ago, as revenue jumped 21% to $601.6 million. Analysts were expecting a loss of 28 cents. Sunbeam also said it plans to sell its Eastpak backpack unit to raise about $200 million to reduce its $2.3 billion in debt stemming from acquisitions last year.
August 15, 2000 |
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.
August 25, 1998 |
Sunbeam Corp. abandoned the 3-month-old restructuring planned by fired Chairman Al Dunlap, reversed a decision to close four factories and plans to sell two businesses. While closing four other plants as planned, the maker of small household appliances said it will keep open plants in Maize, Kan.; Pocola, Okla.; Aurora, Ill.; and Acuna, Mexico. Delray Beach, Fla.
November 13, 1998 |
Sunbeam Corp. indicated that it was profitable last year under ousted Chairman Al Dunlap, contrary to its Oct. 20 announcement of plans to restate results. The troubled company issued another revision of its 1996 and '97 results in an amended filing of its 1997 annual report. After its accounting review, Sunbeam showed a profit of $6.8 million for 1997, contrasted with a previously reported loss of $6.4 million, excluding the reversal of restructuring charges, the filing shows.
September 10, 2002 |
Sunbeam Corp. said the Justice Department is investigating former Chief Executive Albert J. Dunlap's management of the company as the largest U.S. maker of small appliances revised its bankruptcy recovery plan. The U.S. attorney's office in Manhattan is investigating events at Sunbeam from 1996 through 1998 while Dunlap was chief executive and Russell A. Kersh was chief financial officer, the company said Friday in a Bankruptcy Court filing. Boca Raton, Fla.-based Sunbeam, maker of Mr.
November 13, 1996 |
Albert J. Dunlap, a no-nonsense corporate cost cutter whom Sunbeam Corp. hired in July to turn the small-appliance maker around, lived up to his reputation Tuesday and unveiled a massive restructuring plan that will eliminate 6,000 of Sunbeam's 12,000 jobs.