Tecumseh Products Company Reports Q4 EPS of $(0.37)

Tecumseh Products Company TECUA today reported a net loss of $56.8 million, or $3.07 per diluted share, on net sales of $933.8 million for its year ended December 31, 2010. In the year ended December 31, 2009, the Company reported a net loss of $93.4 million, or $5.06 per diluted share, on net sales of $735.9 million.

For the fourth quarter, the Company reported a net loss of $6.6 million, or $0.37 per diluted share, on net sales of $224.2 million. In the fourth quarter of 2009, the Company reported a net loss of $30.5 million, or $1.65 per diluted share, on net sales of $209.6 million.