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Talon Narrows Loss in Q3

Zipper and apparel fastener supplier Talon Inc. narrowed its net loss in the third quarter when compared to the same period a year ago. The Woodland Hills-based firm said that competition from Asia impacted its earnings in the third quarter. For the quarter ending Sept. 30, Talon reported a net loss of $126,020, or $0.04 per diluted share, on revenues of $9.4 million. For the same period in 2010, the company reported a net loss of $2.6 million, or $0.13 per diluted share, on revenues of $9.3 million. “During 2011 we have seen solid growth in sales from our Trim Products, and we have added more than a dozen new customers to our approved zipper nominations representing in excess of 10 percent of our zipper sales year-to-date,” said Talon CEO Lonnie Schnell in a prepared statement.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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