AMHERST, N.Y. (June 22)—Mark IV Industries Inc. reported sales of $555.3 million for its first quarter ended May 31, a 6.4-percent increase from the $521.8 million it posted during the same period last year. Net income dipped to $26.1 million compared to $26.3 million in 1999. Mark IV´s automotive segment led revenue growth with a 9.8-percent increase while industrial sales were up 1.5 percent. The strength of the U.S. dollar and a slightly higher tax rate adversely affected earnings, said Chairman and CEO Sal H. Alfiero.
Mark IV first quarter sales up, earnings down slightly
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