Aerosonic reports third quarter results.CLEARWATER Clearwater, city, United States Clearwater, residential and resort city (1990 pop. 98,784), seat of Pinellas co., W central Fla., on the Pinellas peninsula, between Clearwater Bay and the Gulf of Mexico; inc. 1891. , Fla.--(BUSINESS WIRE)--Dec. 12, 1994--Aerosonic Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AIM) Monday reported net income of $120,000, or 3 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. , for the third quarter ended Oct. 31, 1994 (fiscal 1995) as compared to $1,000, or 0 cents per share, for the same period last year. On a year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. basis, net income is $709,000, or 19 cents per share, for the first nine months as compared to $695,000, or 18 cents per share, for the same period last year. Overall net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased 34% for the third quarter as compared to the prior year. Instrument sales from the Avionics Specialties Division increased by 34% while Clearwater Instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. sales were 12% lower than prior year. Ordnance sales increased by $1.0 million, or 349%, over the prior year quarter. Ordnance sales will decline significantly for the remainder of the fiscal year as the company has completed its military Base Closure contract and is in the process of converting its Ordnance operations to truck and automotive manufacturing. -0-
AEROSONIC CORP.
Three Months Ended Nine Months Ended
Oct. 31, Oct. 31,
1994 1993 1994 1993
---- ---- ---- ----
Net sales $ 6,258,000 $ 4,684,000 $20,144,000 $17,645,000
Net income $ 120,000 $ 1,000 $ 709,000 $ 695,000
Net income per
share $ 0.03 $ 0.00 $ 0.19 $ 0.18
Weighted average
number of shares
outstanding 3,792,000 3,808,000 3,794,000 3,825,000
CONTACT: Aerosonic Corp., Clearwater
David S. Goldman, 813/461-3000
813/447-5926 (fax)
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