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Blyth Forth Quarter Profit Hit by Restructuring Charges

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By: TOM BRANNA

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Candlemaker Blyth Inc. said four quarter profit declined, but the fall was less than expected because it took a smaller charge for job cuts and facility closures.The company, which announced a restructuring in January to reduce costs and scale back some product lines, said net income in the fourth quarter ended Jan. 31 totaled $20.7 million, down from $22.9 million a year earlier.Greenwich, CT-based Blyth took $23 million in restructuring and impairment charges in the fourth quarter, less than t...

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