TROY, Mich. (May 13)—Collins & Aikman Corp. reported a first-quarter net loss of $6 million on sales of $914.8 million compared to a net loss of $7.4 million on sales of $453.1 million during the first three months of 2001. The results include the recent acquisitions of Becker Plastics, Joan Fabrics and Textron's automotive trim division and subsequent charges of $9.1 million related to restructuring, $9.8 million in integration charges and $11.2 million in preferred stock costs. Excluding those charges, Collins & Aikman would have posted net income of $18.6 million.
Collins & Aikman posts net loss of $6 million
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