Hauser financials
This article was originally published in The Tan Sheet
Executive Summary
Credit facility with Wells Fargo extended until September 2003, culminating negotiations since forbearance agreement expired Sept. 17. Extension, coupled with consolidation of Boulder, Colo. facilities, planned sale of technical services division and reclassification of supplements sector, is predicted to yield improved financial/operating structure. Sales for second quarter ended Sept. 30 were down 22.4% to $13.4 mil. due to weak supplement market, while net income narrowed to $911,000 from $3.1 mil. in year-ago period, firm says...