Incremental improvements in sales and margin plus a nice tax benefit of $21.2 million helped Under Dog report a profit of $8,421,000 against a loss of $87,920,000 for the final quarter ended Dec. 31 as revenues improved 2% to $1,389,980,000 from $1,369,216,000. This year’s Q4 results included restructuring costs of $48,228,000 against $35,952,000 last year but there was a $60.5 million favorable swing in the tax liability as a result of last year’s tax reform. Adjusted for restructuring and impairment charges, operating income was $37,781,000 this year against a loss of $1,136,000 prior. For the FY, Dog had a net ... Log in to view full article.