Aceto Corporation Announces Earnings.LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--Aug. 18, 1999-- Aceto Corporation (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 :ACET ACET AIDS Care Education and Training ACET Advisory Council for the Elimination of Tuberculosis (CDC) ACET Association for Compensatory Educators of Texas ACET Advisory Committee on Electronics and Telecommunications ) today reported sales and earnings for the twelve months ended June June: see month. 30, 1999, the results of which are summarized below: -0-
SUMMARY of CONSOLIDATED OPERATIONS
(In Thousands Except Per Share Amounts)
Fourth Quarter
Ended June 30th
1999 1998
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Net Sales $41,306 $48,065
Income Before Income Taxes 2,379 3,172
Net Income 1,501 1,938
Net Income per Common Share
Basic $0.23 $0.28
Diluted 0.23 0.28
Weighted Average Shares Outstanding
Basic 6,434 6,722
Diluted 6,652 6,994
Twelve Months
Ended June 30th
1999 1998
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Net Sales $169,189 $182,954
Income Before Income Taxes 9,750 11,743
Net Income 6,091 7,557
Net Income per Common Share
Basic $0.92 $1.11
Diluted 0.90 1.08
Weighted Average Shares Outstanding
Basic 6,543 6,732
Diluted 6,788 6,983
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