1-800 CONTACTS
Replacement contact lens company 1-800 CONTACTS Inc. reported net income of $11.6 million, or 85 cents per share, for the second quarter ended June 30. That compares with a net loss of $2 million, or 15 cents per share, for the same quarter in 2006.
Net income from continuing operations was $3 million, or 22 cents per share, compared with $3 million, or 23 cents per share, in the prior-year quarter.
Sales totaled $63.4 million, up from $57.7 million a year ago.
The most recent quarter included about $2.5 million in adviser fees and other expenses related to a review and proposed merger of the company with the affiliates of Fenway Partners Capital Fund III LP. Without those, operating income was $9.2 million. 1-800 CONTACTS will have a special stockholder meeting Sept. 6 for a vote on the proposed merger.
1-800 CONTACTS announced the proposed merger in early June. Fenway, a New York-based private equity firm, said it would pay $24.25 per share, or $340 million, for 1-800 CONTACTS.
ForeverGreen
ForeverGreen Corp., based in Orem, reported net earnings of $142,577 for the second quarter, which were up from $20,648 in the first quarter.
Revenues for the quarter totaled $5.8 million.
The company manufactures and distributes whole foods. It did not provide figures for the prior-year quarter.
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