Rohr Industries Says Strike Had Role in Reduced Earnings
- Share via
Rohr Industries on Tuesday reported reduced earnings, citing the two-week strike in February by 4,600 members of the International Association of Machinists and Aerospace. The strike idled production at Rohr’s two major manufacturing facilities in Chula Vista and Riverside.
Rohr reported that earnings fell to $2.8 million for the three months ended May 3, compared to $11.3 million during the same quarter a year ago. Revenue fell to $150 million from $157 million.
The strike delayed “ . . . approximately $25 million in deliveries, with their related operating margins,” according to Rohr Chairman and Chief Executive Harry Todd, who said those shipment delays and “ . . . certain overhead expenses and strike-related labor inefficiencies” reduced third quarter net income by about $6.3 million.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
