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Albany Molecular Research Inc. Message Board

  • stk_hnter stk_hnter Feb 10, 2010 8:37 PM Flag

    Deja Vu All Over Again

    All is quiet after the most-recent results. However, what the heck is going on here? capcod3 did you speak to the CFO???


    ALBANY, N.Y.--(BUSINESS WIRE)--AMRI (NASDAQ: AMRI - News) today reported financial and operating results for the fourth quarter and full year ending December 31, 2009.

    Financial and other highlights for the fourth quarter and year include:

    . . .

    • Recording of a non-cash goodwill impairment charge of $22.9 million in the Large Scale Manufacturing segment


    ************* Holy cow! That's a big impairment for such a small company. However, this seems to be a recurring problem. Look below. **************


    Albany, NY (February 12, 2007)-Albany Molecular Research, Inc. (NASDAQ: AMRI) today reported financial and operating results for the quarter and year ending December 31, 2006.

    . . .

    Financial highlights for the fourth quarter and other recent events include:

    . . .

    • Implementation of large scale manufacturing restructuring; fourth quarter restructuring charges expected to result in cost savings starting in the first quarter of 2007

    . . .

    As previously announced, during the fourth quarter of 2006 AMRI initiated the restructuring of its Large Scale Manufacturing facility in Rensselaer, NY in order to improve profitability.

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