Jacuzzi Announces 4Q Results
January 1, 2004
Net sales for fiscal 2003 increased 11.6 percent to $1.19 billion for Jacuzzi Brands Inc. Net sales for the fourth quarter of fiscal 2003 rose to $327.4 million from $286.2 million in the fourth quarter 2002. These increases, according to the company, were helped by the increase in sales of its Jacuzzi® whirlpool baths, which were made available through its alliance with 900 Lowe's retail outlets across the country.
The company continues its restructuring process, though, and posted operating income for the fourth quarter at $12.7 million vs. $25.5 million in the previous year.