NEW YORK — Fab Industries, manufacturer of knitted fabrics and laces, reported second quarter earnings fell 19.6 percent to $3.8 million, or 61 cents a share, from $4.7 million, or 76 cents, a year ago.
Sales for the quarter ended May 28 dipped 5.2 percent to $49.7 million from $52.4 million.
In the half, profits declined 8.1 percent to $6.4 million, or $1.03, from $7 million, or $1.13, in the year-ago period.
Sales were about flat at $90.3 against $91 million.
Samson Bitensky, chairman, said sales were lower than expected, reflecting postponed orders by larger customers. He added that the third quarter will benefit from the delayed deliveries.
NEW YORK -- Fab Industries, manufacturer of knitted fabrics and laces, reported second quarter earnings fell 19.6 percent to $3.8 million, or 61 cents a share, from $4.7 million, or 76 cents, a year ago.
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