Posted May 14, 2010
Ames True Temper sales decline
ATT Holding Co., parent of Ames True Temper Inc., reported net sales for Q2 2010 were $139.4 million, a 2.0% decrease over $142.3 million in Q2 2009.
Net income was $8.0 million, compared to $2.2 million for Q2 2009.
"Q2 results reflect our focus on continuous improvement in our business and our attention to the details. Operational efficiency improvements along with disciplined product line management helped drive our Q2 results," stated president and CEO Duane Greenly.
Year-to-date net sales were $225.8 million, a 3.8% decrease compared to $234.6 million for YTD 2009. Net income for YTD 2010 was $9.4 million, compared to an $8.1 million net loss for YTD 2009.
