AMTROL makes announcement.WEST WARWICK, R.I.--(BUSINESS WIRE)--Oct. 3, 1995--AMTROL Inc. announced today that earnings per share from operations for the third quarter of 1995 are expected to be approximately 20 percent below the 51 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. reported for the third quarter of 1994. Last month, the company also announced that it will be taking a pretax charge of approximately $1.8 million, or 15 cents per share in the quarter, for a plant closing, business consolidations and staff reductions which will achieve pretax savings of about $1.2 million a year. Sales are expected to be down approximately five percent from the $45.5 million reported in the third quarter of 1994. Most of the decline in sales came in the company's heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. and air conditioning product category. HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free accounted for approximately 40 percent of sales and water systems products generated the remaining 60 percent in the period. "As expected, the weak conditions of the second quarter continued in our key markets during the third quarter. In September product prices were raised in the water systems business and a new installer-friendly product line was successfully introduced. We expect to see some near-term benefit from these actions," stated David Beretta be·ret·ta or ber·ret·ta n. Variants of biretta. , AMTROL's president. "In the fourth quarter, we anticipate continued weak demand in our key market sectors. However, increased prices, reduced raw materials costs, productivity improvements and lower costs resulting from our previously-announced plant closing, consolidations and staff reductions should make a visible impact in the fourth quarter," said Beretta. AMTROL is a leading North American producer and marketer of flow and expansion control technology used in water systems and heating, ventilating and air conditioning products. The company's common stock trades on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol AMTL AMTL Army Materials Technology Laboratory AMTL American Medical Testing Laboratories AMTL Advanced Manufacturing Technology Laboratory AMTL active management of the third stage of labor . CONTACT: Bibelnieks Associates, Inc. Yanis Bibelnieks, 212/949-2295 |
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