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For the six months ended 30 June 2015, Tecumseh Products Company revenues decreased 13% to $323.2M. Net loss before extraordinary items decreased 94% to $1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Selling and administrative expenses decrease of 5% to $44.7M (expense), Interest income increase from $900K to $2.6M (income).
Period Ending: | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 |
---|---|---|---|---|
Total Revenue | 163.9 | 159.3 | 163.8 | 188.3 |
Gross Profit | 26.4 | 20 | 15.3 | 21.2 |
Operating Income | 1.9 | -2.1 | -7.7 | -1.3 |
Net Income | 1.7 | -3.2 | -9.1 | -3.8 |
Period Ending: | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 |
---|---|---|---|---|
Total Assets | 385.9 | 372.2 | 396.3 | 438.8 |
Total Liabilities | 252.2 | 245.8 | 246 | 257.2 |
Total Equity | 133.7 | 126.4 | 150.3 | 181.6 |
Period Ending: | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | -24.3 | -21.3 | 7.2 | -19.8 |
Cash From Investing Activities | -3.7 | -1.7 | -1.7 | 1.5 |
Cash From Financing Activities | 3.5 | 0.6 | -12.9 | -1.1 |
Net Change in Cash | -27 | -24.9 | -12.3 | -20.6 |
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