Business Services Industry
Fort Wayne, Ind.-Based Service Station Equipment Maker Will File Losses Late.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, July, 2000 by Frazier, Lynne McKenna
Jul. 18--Tokheim Corp.'s losses piled up in the second quarter, according to a report filed late Monday with the Securities and Exchange Commission.
The Fort Wayne-based maker of service-station equipment told federal regulators it will be late in filing full second-quarter earnings.
Tokheim lost $4.7 million on operations in the three months ended May 31, compared with an operating profit of $7.5 million a year ago, the company said in the SEC filing. Sales dropped 23.8 percent to $134.8 million from $176.8 million. Last year the company reported a sharp increase in sales because of its purchase of Retail Petroleum Systems.
Those results are before any interest and other special charges. Tokheim also reported an operating loss in the first...
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