Flanders Q1 Earnings $0.03 Per Share.

Business Wire | April 30, 2002 | Copyright

Business Editors

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--April 30, 2002

Flanders Corporation (Nasdaq:FLDR), today announced its results for its first quarter ended March 31, 2002. The Company reported earnings for the first quarter of $699,000, or $0.03 per share, down 8% from $759,000, or $0.03 per share in the first quarter of 2001. Revenues for the quarter decreased 10%, to $42.5 million, compared to $47.1 million in the first quarter of 2001.

During the past quarter, we made significant progress bringing our cost structure into line. Because of ...

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