Mark IV Industries posts $1.58 million May operating loss on no sales

By Jennifer Lanning Drey

Portland, Ore., July 20 - Mark IV Industries, Inc. reported a $1.58 million operating loss for May on zero net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

The net loss was $7.88 million for the period.

Cash and cash equivalents were $22.42 million at May 31.

The report was the company's first since filing for bankruptcy on April 30.

Mark IV is an Amherst, N.Y., manufacturer of engineered systems and components for the automotive, industrial and transportation markets. Its Chapter 11 case number is 09-12795.

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