Horizon Lines reports loss making fourth quarter

HRZ1-1Horizon Lines, Inc. (OTCQB: HRZL) reports financial results for the fiscal fourth quarter ended December 25, 2011 that include a 2010 fourth-quarter net loss from continuing operations of $43.6 million, or $35.49 per basic share, on revenue of $256.1 million.  On an adjusted basis, the net loss from continuing operations totaled $6.8 million, or $5.54 per basic share, after excluding charges for antitrust-related legal settlements and expenses, severance related to a non-union workforce reduction, impairment charges and tax adjustments totaling $36.8 million, or $29.95 per share.  

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April 11, 2012

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