RadiSys earnings down
32 percent from 2000
Hillsboro-based RadiSys Corp. reported a net loss of $13.4 million, or 77 cents a share, on revenues of $55.9 million for the fourth quarter of 2001, down 32 percent from the same period last year.
The loss included a $14 million charge for a backlog of inventory and $3.9 million restructuring charge.
That compares to a $9.9 million profit, or 58 cents a share, on revenues of $82.5 million for the quarter ended Dec. 31, 2000.
For the year ended December 2001, RadiSys lost $34 million on revenues of $227.7 million, a 33 percent decrease over the previous year's profit of $32.6 million on revenues of $340.7 million.
'From a future revenue potential perspective, Q4 was the largest design-win quarter in our history,' said Glen Myers, RadiSys' chief executive officer and chairman.
Crown Pacific reports
Portland-based Crown Pacific Partners LP announced a fourth-quarter loss of $20.8 million, or 67 cents a share, on revenues of $124.4 million, compared with a $8.6 million net loss, or 28 cents per share, on revenues of $151 million for the fourth quarter of 2000.
For the year ended Dec. 31, the forest products company reported a net loss of $53.4 million, or $1.73 per share, on revenues of $593.3 million, versus a net income of $13.3 million, or 43 cents a share, on revenues of $787.3 million for the same period in 2000.
'We reorganized several operations, sold or closed unprofitable operations, reduced our fee harvest levels, obtained covenant relief from our banks and continued our lumber sales integrated strategy through our profitable wholesale marketing business,' said Crown Pacific CEO Peter W. Stott.
Ñ Daniel J. Curran