Rock of Ages losses grow
Rock of Ages released its first-quarter 2006 financials, reporting a net loss of a little more than $7 million, slightly greater than first-quarter losses in 2005.
Loss per diluted share remained about the same, with a 95-cent loss per share in the first quarter of 2006 compared to a loss of 94 cents per share in the same quarter the previous year.
Officials of the Concord-based quarry products company cited the first quarter of the year as being historically difficult because the majority of its quarries are in northern climates, where whether results in the closure of operations from late December until mid-March.
Total net revenues for the first quarter of 2006 were slightly higher, at $11.7 million, compared to restated revenues of $11.1 million in the first quarter of 2005. — CINDY KIBBE