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Posted on Fri. Nov. 06, 2009 - 10:10 am EDT Bookmark and Share Subscribe RSS   E-mail

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WaterFurnace sales down 9% in third quarter

WaterFurnace Renewable Energy announced Wednesday third-quarter sales were 9 percent lower than in 2008. The company had $36.2 million in sales, compared with nearly $40 million during the same period in 2008.

Tom Huntington, president and CEO, said in a statement, “We are pleased that we were able to maintain an earnings level in line with these lower sales. … As we enter the fourth quarter, we are seeing an uptick in sales orders, but do not expect to meet the record sales pace set last year.”

The board approved a dividend of 19 cents per share to be paid Dec. 1.

HH Gregg reports 44% increase in third quarter

Consumer electronics and home appliances retailer HH Gregg reported a 44 percent increase in third-quarter results.

The company, which has a Fort Wayne store at 4201 Parnell Ave., reported net income of $4.9 million for the three months ended Sept. 30, compared with $3.4 million for the same quarter last year. The company credited the increase to a modest increase in sales, a flat gross margin and a modest decrease in operating expenses.


-From staff, wire reports
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