Allied Devices reports 1st quarter revenues of $3,196,945, up from $2,578,305 in the first quarter of fiscal 1994.BALDWIN Baldwin, cities, United States Baldwin. 1 Uninc. city (1990 pop. 22,719), Nassau co., SE N.Y., on the south shore of Long Island, on Baldwin Bay; settled 1640s. A fishing center and summer resort, it has varied manufactures. , N.Y.--(BUSINESS WIRE)--Feb. 16, 1995--Allied Devices Corp. (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 :ALDV), a broad-line manufacturer and distributor of high precision mechanical components used in the manufacture of industrial equipment, reported record revenue for its 1st quarter ended Dec. 31, 1994. For the quarter ended Dec. 31, 1994, Allied reported revenues of $3,196,945, compared to revenues of $2,578,305 for the first quarter of fiscal 1994, representing an increase of approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 24%. Net income for the quarter was $60,905, compared to $32,768 for the first quarter of fiscal 1994, an increase of 86%. Earnings per share was $.01 for the quarter. Mark Hopkinson Mark Hopkinson (October 8, 1949 - January 22, 1992) was a convicted murderer who was executed by the U.S. state of Wyoming in 1992 for the murders of Vincent Vehar, Beverly Vehar, John Vehar, and Jeffrey Green. , chairman of the board, comments "The first quarter of our fiscal year is typically the least attractive in both sales and earnings. But we are continuing to expand our core business through more aggressively marketing our products and through broadening broad·en tr. & intr.v. broad·ened, broad·en·ing, broad·ens To make or become broad or broader. broad our line. We attribute (1) In relational database management, a field within a record. (2) In object technology, a single element of data. See instance attribute and static attribute. the increase in first quarter revenues to the combined effect of our own expansion program and healthy economic conditions." -0-
ALLIED DEVICES CORPORATION
STATEMENTS OF OPERATIONS
(unaudited)
Net Sales 3,196,945 2,578,305 Gross Profit 972,057 786,762 E.B.I.T. 170,704 139,040 Net Income 60,905 32,768 Total Assets 8,866,095 8,249,065 Total Liabilities 4,926,546 5,096,900 Total Equity 3,939,549 3,152,165 -0- CONTACT: Allied Devices Mark Hopkinson, 516/223-9100 |
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