YORK International reported its full-year results, ending Dec. 31, 2003. For the full year, the company reported a net loss of $4.0 million, or $0.10 per share. Excluding the impact of special items and the effect of a change in accounting principle, the company earned $2.64 per share. Included in the full-year results are special items of $119.4 million, which include restructuring and other related charges and curtailment costs. They also included one-time tax benefits of $3.5 million.

The net loss of $4.1 million includes:

-- Restructuring and other charges of $35.7 million ($30.6 million after tax) related to previously announced initiatives to streamline the company's operations.

-- A non-cash curtailment loss of $1.6 million ($1.0 million after tax) represents an acceleration of pension expenses related to the company's decision to replace a current defined benefit pension plan for certain U.S. bargaining employees with a new defined contribution plan.