‘Max reports Q4 results


22 February 2006 – New York (NY): OfficeMax has posted a Q4 profit before one-time items.
‘Max reported earnings of $6 million, or EPS of $0.07, compared with a year earlier loss of $18.7 million, or $0.24 cents per share.
The year-earlier figures included results from the company’s forest products, and timberland assets, sold in October 2004.
Including preferred dividends and charges from a headquarters consolidation and the write-off of some deferred software costs, the company said its net loss widened to $43.1 million, or $0.62 cents per share, from $1.4 million, or $0.02 cents per share.