Struggling auto supplier Collins & Aikman Corp. has delayed its earnings announcement and analyst conference call on second-quarter results for the second day in a row.
The delays follow Monday's replacement of Jerry Mosingo as CEO. Chairman David Stockman has taken over as CEO of the Troy-based company. Stockman is senior managing director of Heartland Industrial Partners L.P., a Bloomfield Hills-based private-equity firm that owns most of Collins & Aikman.
The company said it is still completing the news release and other disclosures.
The conference call is now scheduled for 8:30 a.m. Friday.
Collins & Aikman posted a net loss of $28.7 million or 34 cents a share on revenue of $1.03 billion in the first quarter, a downturn from last year, when it reported a net loss of $18.4 million or 27 cents on revenue of $914.8 million. The company manufactures automotive fabrics, interior trim and acoustic components.