Tecumseh Products Company Reports Third-Quarter EPS of $(0.17)

Tecumseh Products Company TECUA today reported for the quarter and nine months ended September 30, 2010, a net loss of $3.2 million, or $0.17 per diluted share and a net loss of $50.2 million, or $2.72 per diluted share, respectively. This compares with a net loss of $14.1 million, or $0.76 per diluted share, and a net loss of $62.9 million, or $3.40 per diluted share, for the same periods in 2009. For the quarter and nine months ended September 2010 adjusted operating loss totaled $2.8 million, and $1.2 million, respectively, compared to an adjusted operating loss of $10.6 million and $62.8 million for the same periods in 2009. The quarter and nine months ended September 30, 2010 operating loss, as reported under GAAP, was $3.7 million and $50.6 million compared with a net loss of $14.2 million and $73.4 million for the same period in 2009.