Former Katy Industries records $5,074 operating profit for December

By Caroline Salls

Pittsburgh, Feb. 28 – KII Liquidating Inc., formerly Katy Industries, Inc., reported a $5,074 operating profit for December on zero net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, KII posted a $1,096 operating profit for November, also on zero net sales.

The net loss for December was $546,476, narrowing from a $680,459 November net loss.

The company had $2.21 million in unrestricted cash and cash equivalents as of Dec. 31, down from $2.76 million at the end of November.

Katy, a St. Louis-based manufacturer, importer and distributor of commercial cleaning and consumer storage products, filed for bankruptcy on May 14, 2017. The Chapter 11 case number is 17-11101.

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