NEW YORK — Cone Mills Corp.’s "reinvention plan" paid off in the second quarter as the textile maker reported its highest quarterly earnings in six years.

For the three months ended June 30, the Greensboro, N.C.-based fabric producer reported net income of $3.1 million, or 8 cents a diluted share. That compares favorably with last year’s period when Cone Mills lost $26.5 million, or $1.08 a share. Earnings per share beat Wall Street forecasts by a penny.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus