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.
Jacuzzi Announces 4Q Results
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.
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