The company reported net earnings of $249,000 for its 2009 fiscal second quarter ended Dec. 28, 2008, down from nearly $3.4 million in profit in the prior year’s quarter.
LaBarge said its profit felt the impact of a nonrecurring write-off of inventory and accounts receivable related to the Chapter 11 bankruptcy reorganization of customer Eclipse Aviation Corp. in Albuquerque, N.M.
Friday, February 06, 2009
LaBarge profits down
LaBarge, which has a plant in Joplin, saw its profits fall 93 percent in the last quarter.