You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #12: Gehl to close machine line in Wisconsin, cut 140 jobs, take $9.5M charge [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-03-06 07:35 AM
Response to Original message
12. Gehl to close machine line in Wisconsin, cut 140 jobs, take $9.5M charge
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B238B72E1%2DFD5D%2D4033%2DB147%2D8995FB7347FA%7D&dist=newsfinder&symbol=&siteid=mktw

NEW YORK (MarketWatch) - Gehl Co. (GEHL 33.12, -0.38, -1.1% ) said Monday it would close its West Bend, Wis., agricultural implement manufacturing operations in the next 60 days, exiting those lines and taking a $9.5 million, or 76 cents a share, charge to earnings. About 140 positions will be eliminated, Gehl said. "Many of our small dairy farmer customers have either retired or sold their operations to larger producers," said William Gehl, chairman and chief executive. "Consequently, the customer base for our agricultural implement lines has declined dramatically." Gehl predicted 2006 sales of $485 million to $495 million and earnings of $2.20 to $2.30 a share from continuing operations.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC