US 1 Industries posts lower 4Q, full-year revenues, earnings

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US 1 Industries announced Tuesday, April 1, the results for its fourth quarter and fiscal year ended Dec. 31. Operating revenues for the fourth quarter decreased 8.4 percent to $44.5 million compared to $48.6 million in the same period in 2006.

Fourth-quarter operating income derived from operations decreased to $1.3 million compared to $2.2 million in the comparable quarter in 2006. The Valparaiso, Ind.-based company had net income for the fourth quarter of 2007 of $0.6 million compared to $1.4 million in the comparable quarter in 2006.

The company’s operating revenues for the 2007 fiscal year were $184.6 million, a decrease of $6.4 million, or 3.3 percent, from operating revenue of $191.0 million for the 2006 fiscal year. Net income in 2007 was $2.9 million compared to $3.1 million in 2006.