Ciba Specialty Chemicals Inc., Switzerland, reported that for the period ended June 30, 1999, sales
rose 2 percent in Swiss francs, or 4 percent in local currencies, to CHF 4.374 billion.Operating
income declined by 27 percent in Swiss francs, or 22 percent in currency-adjusted terms. EBItdA
(Earnings Before Interest, Taxes, Depreciation and Amortization) fell 14 percent in Swiss francs,
or 10 percent in local currencies.Net income for the first six months of 1999 amounted to CHF 121
million, or CHF 1.82 per share earnings.Consoltex Group Inc., Montreal, recently announced its
results for the quarter ended June 30, 1999. The company reported net earnings of $0.3 million, or
$0.02 per share, during the quarter, compared to earnings of $4.9 million, or $0.29 per share,
during the same quarter in 1998.Culp Inc., High Point, N.C., reported net income of $1.6 million
for the first quarter of its 2000 fiscal year.For the first three months ended August 1, 1999, Culp
reported a net sales increase to $115.9 million, compared with $110.7 million a year ago. The
company reported net income for the quarter of $1.6 million, or $0.13 per diluted share, compared
with a net loss of $2.6 million, or $0.20 per diluted share in 1998.The Dixie Group Inc.,
Chattanooga, Tenn., recently reported record earnings from continuing operations of $4.1 million,
or $0.35 per share, for the second quarter ended June 26, 1999. This represents an increase in
earnings per share of 25 percent over the same period in 1998, when the company reported $3.3
million, or $0.28 per share, for continuing operations.Dixie reported record sales as a
floorcovering company of $152.1 million for the second quarter of 1999, an increase of 17 percent
over the $130.5 million in the second quarter of 1998.Kellwood Co., St Louis, reported sales and
net earnings for the first quarter ended July 1, 1999.Sales for the quarter were $470,575,000, down
2.6 percent from $483,283,000 in 1998. Net earnings for the quarter increased 10.5 percent to
$9,557,000, or $0.34 per share, up from $8,652,000, or $0.32 per share in 1998.Pillowtex Corp.,
Dallas, announced operating results for the companys second quarter ended July 3, 1999.Net earnings
for the second quarter were $6.2 million, or $0.40 per diluted share, as compared to $6.5 million,
or $0.42 per diluted share in 1998. Net earnings for the first six months of fiscal 1999 were $11
million, or $0.71 per diluted share, as compared to $11.7 million, or $0.75 per diluted share, for
the first six months of 1998.Second quarter sales of $362.5 million were 9.1-percent higher than
the $332.1 million reported for the comparable quarter a year ago. Sales for the first six months
of fiscal 1999 of $731 million were 4.7-percent higher than the $698.4 million reported for the
first six months of 1998.Polymer Group Inc. (PGI), North Charleston, S.C., recently announced
results of operations for the companys second quarter ended July 3, 1999.Net sales for the second
quarter increased 8.6 percent to $223.8 million, up from $206.1 million in the second quarter of
1998.For the first six months of 1999, net sales increased 8.6 percent, or $34.5 million, compared
to $434 million, up from $399.4 million during the second quarter of 1998.Gross profit for the
second quarter increased $10 million, or 19 percent, to $61.9 million, up from $51.9 million during
the second quarter of 1998.Second quarter net income increased 38.5 percent to $8.6 million, or
$0.27 per share, versus $0.20 per share in the second quarter of 1998.Ridgeview Inc., Newton, N.C.,
announced a net loss for the second quarter of 1999 of $345,000, or $0.11 per share, compared to a
net loss of $1.5 million, or $0.49 per share during the same period in 1998.Net sales for the
quarter were $23.8 million, compared to $21.3 million for the same period in 1998, an increase of
11.7 percent.For the six months ended June 30, 1999, net sales increased 14.8 percent to $47.7
million compared to $41.6 million for the same period in 1998. The net loss for the first six
months was $2.3 million, or $0.77 per share, compared to a loss of $1.4 million, or $0.46 per share
for the same period in 1998.Synthetic Industries Inc., Chickamauga, Ga., recently reported results
for the fiscal 1999 third quarter ended June 30,1999. Net sales in the quarter were $104.5 million
in the third fiscal quarter of fiscal 1998.Operating income of $16.2 million in the third quarter
of fiscal 1999 reflects $0.9 million in previously announced plant combination costs. Excluding
these costs, operating income for the fiscal 1999 third quarter was $17.1 million as compared to
$17.8 million in the fiscal 1998 third quarter. Net income in the third quarter of fiscal 1999 was
$7.3 million, or $0.81 per diluted share. This is compared to $7.8 million, or $0.87 per diluted
share, in the same period of 1998.Excluding the plant combination costs, net income in the third
quarter of fiscal 1999 was $7.9 million, or $0.87 per diluted share.
October 1999
