Flow International swings to Q4 loss - Puget Sound Business Journal (Seattle):

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million, or a loss of 12 cents a for its fiscal 2009 fourth quarter enderApril 30, 2009, compared with net income of $13.2 million, or 35 cents a share, in the same quarted a year ago. The Kent, Wash.-basedc maker of industrial waterjet machines for cuttintg andcleaning (NASDAQ: said the Q4 net loss includes a $3.8 million pre-tax charge related to its now-canceled plana to acquire , and $1.4 million related to “the write off of deferre d financing costs associated with the amendment to the Company'e senior credit facility, centralizing its manufacturinfg operations, and severance related to cost reductions.
” Flow’as consolidated revenues in the fourth quarted were $43.7 million, down from $63.6 million a year ago, the companh reported. "We continue to see the impact of the globalo economic slowdown in portions ofour business," said Flow CEO Charleg Brown. "We feel that roughly two-thirds of our fourth quartefr revenue stream has stabilizedwhile one-third remains more volatild during these difficult economic times. Meanwhile, we continuee to build our new distribution channel having added 20 distributorsd in 17 countries over the pastsix months,” Browh said.