American Biltrite posts Q2 loss, suspends dividend
WELLESLEY HILLS, Mass. -– For the three months ended June 30, American Biltrite Inc. has reported a decline in net sales and a net loss of $11.9 million.
Net sales for the period were $105.8 million, down 13.3 percent from $122.0
million in the second quarter of 2002.This year’s second quarter net loss of $3.45 per share compared with net income of $1.6 million, or 48 cents per share, in the second quarter of 2002.