Business in the Burbs

Pending acquisition of White Plains-based K&F Industries cuts into earnings

May

First-quarter profit at White Plains-based K&F Industries Holdings Inc. dropped to $9 million, or 22 cents a share, from $10 million, or 26 cents a share, the company reported this morning.

The company, which makes brakes and other parts for airplanes, said that not counting special charges associated with its pending acquisition by Meggitt-USA Inc., earnings per share would have increased by 12 cents.

Sales increased to $108.95 million from $91.06 million.

The companyÃ¢â‚¬â„¢s shares closed at $26.61 yesterday, down 11 cents.

This entry was posted on Wednesday, May 9th, 2007 at 9:48 am by Allan Drury.
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