Outlook Group Reports Loss for Q1
However, the company posted a loss of $207,000 for its first quarter of fiscal 2004, compared with earnings of $422,000 in its first quarter of fiscal 2003. Before the effect of a change in accounting principles, earnings in first-quarter 2003 totaled $658,000.
President/chief operating officer Joseph J. Baksha said that expenses involved in the start-up phases of three new long-term contracts affected earnings in the past three quarters. However, he said, those contracts are expected to generate more than $14 million in sales during fiscal 2004.