American United Global Inc. reports sales and income for the third quarter and for the nine months ended April 30, 1995.DOWNEY Downey, city (1990 pop. 91,444), Los Angeles co., S Calif., a residential and industrial suburb between Los Angeles and Long Beach; inc. 1957. Its many manufactures include metal products, rubber goods, communications equipment, and dairy products. , Calif.--(BUSINESS WIRE)--June 15, 1995--American United Global Inc. (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 :AUGI AUGI Autodesk Users Group International AUGI Área Urbanas de Génese Ilegal (Portugal) AUGI Autodesk User Group International ) revenues for the three months ended April 30, 1995, were $30,591,000 compared with $30,483,000 for the year-earlier period. For the nine-month period ended April 30, 1995, sales were $87,968,000, an 11 percent increase over the $79,282,000 reported for the nine months ended April 30, 1994. The manufacturing groups sales of sealing products remained strong. The construction equipment distribution sales were impacted by slower-than-anticipated deliveries of Backhoes from Case Corp. due to a model changeover (programming) changeover - The time when a new system has been tested successfully and replaces the old system. . Fully diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of were 13 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 three-month period ended April 30, 1995, compared with 6 cents per share for the prior-year period. Fully diluted earnings per share for the nine-month period were 29 cents compared with 28 cents during the prior year. The company's Western Power and Equipment subsidiary has filed a registration statement with the Securities and Exchange Commission to sell 1.3 million shares of stock in an initial public offering. The offering is expected to be declared effective the week of June June: see month. 12, 1995. -0-
American United Global Inc.
Comparative Information
3 months ended 9 months ended
April 30, April 30,
1995 1994 1995 1994
Net sales $30,591,000 $30,483,000 $87,968,000 $79,282,000 Cost of goods sold 26,537,000 26,517,000 76,408,000 68,742,000 Operating income 4,054,000 3,966,000 11,560,000 10,540,000 Income from continuing operations 732,000 864,000 3,894,000 4,319,000 Loss from discontinued operations (net of tax) -- (492,000) -- (667,000) Extraordinary items cumulative effect of change in accounting principle (net of tax) -- -- -- 138,000 Net income 732,000 372,000 1,622,000 1,538,000 Dividends on preferred stock -- (11,000) -- (86,000) Net income available for common shareholders $732,000 $361,000 $1,622,000 $1,452,000 Primary earnings common and common equivalent shares: Continuing operations 13 cents 16 cents 29 cents 40 cents Discontinued operation -- (9 cents) -- (13 cents) Extraordinary item -- -- -- 2 cents Net income 13 cents 7 cents 29 cents 29 cents Weighted average number of shares 5,654,000 5,416,000 5,654,000 5,012,000 Fully diluted earnings per share 13 cents 6 cents 29 cents 28 cents Fully diluted shares outstanding 5,667,000 5,535,000 5,678,000 5,117,000 CONTACT: American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of United Global Inc., Downey Robert M. Rubin, John M. Shahid Mohammed Shahid (born 12 December 1969) is an Indian politician. He stood for the 2004 Lok Sabha elections on the BSP ticket and is currently a Member of Parliament from Meerut. External links
310/862-8163 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion