Anchor Glass Container Reports Results for Second Quarter 2003.Business Editors TAMPA, Fla.--(BUSINESS WIRE)--July 28, 2003 Anchor anchor, device cast overboard to secure a ship, boat, or other floating object by means of weight, friction, or hooks called flukes. In ancient times an anchor was often merely a large stone, a bag or basket of stones, a bag of sand, or, as with the Egyptians, a Glass Container Corporation today reported a net income of $1.3 million for the second quarter ended June June: see month. 30, 2003 on 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 of $186.8 million. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. for the quarter was $11.9 million. The company intends to file its Form 10-Q Form 10-Q See 10-Q. by August 14, 2003. Anchor Glass Container Corporation Financial Summary In millions of dollars. Unaudited. Second Quarter ended June 30, 2003 Net sales $186.8 Income from operations 11.9 Net income 1.3 Depreciation and amortization 17.2 Balance sheet data at June 30, 2003 Total assets $656.2 Total liabilities 595.8 Total debt 421.2 Total stockholders' equity 60.4 |
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