Adolph Coors Co.'s fourth-quarter earnings dipped 2 percent, reflecting a one-time charge for closing a brewery in Spain. The beer company said its net income was $12 million, or 32 cents per share, for the three months ended Dec. 31. That is down from the $12.2 million, or 33 cents per share, reported in the same period last year. The fourth-quarter results included a $5.2 million pre-tax charge for closing the brewery in Spain. The company is getting the beer for European markets from its U.S. operations. Excluding the charge, the company earned $15.2 million, or 40 cents per share. Sales for the fourth quarter rose 7.5 percent to $582.1 million, compared with $541.5 a year ago.
AutoNation Inc., which owns Al Maroone Ford in Clarence, said fourth-quarter earnings rose 51 percent because it reduced operating costs and boosted margins at its stores. Profit from operations increased to $61.2 million, or 17 cents a share, from $40.6 million, or 10 cents, a year earlier. Sales fell 6.3 percent to $4.7 billion from $5.02 billion, reflecting the closing of AutoNation's used-car megastores.