O’Sullivan posts poor quarter


Home and office furniture manufacturer and distributor O’Sullivan Industries has posted a disappointing Q1 for fiscal 2005 as a result of ongoing setbacks in market share and a weaker than expected back-to-school selling season.

Net sales for the quarter were $62.7 million, down 12.3 per cent from the $71.5 million reported in Q1 of fiscal 2004.

The organisation reported a net loss of $8.6 million, compared to a loss of $7.3 million recorded in the same period last year.

Lamar (MO)