American Standard reported flat third quarter earnings of $1.23 per diluted share, the same as third quarter last year, on revenues of $1.89 billion, down 4 percent compared with the record-setting quarter a year ago. The company is planing to cut its workforce by about 1,000 salaried employees. The workforce reduction will result in a pretax charge against fourth quarter earnings of about $25 million and will produce savings of about $40 million in 2002.
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As electronics continue to become smaller, faster, and more affordable, more and more contractors are investing in fleet-management solutions that help reduce their technicians’ time on the road, improve productivity, save gas, and protect these major assets from misuse or theft. Read more stories in 2017 April Issue.