Astro-Med Reports Preliminary Results for Third Quarter.WEST WARWICK West Warwick (wôr`wĭk, –`ĭk), town (1990 pop. 29,268), Kent co., central R.I., on the Pawtuxet River; set off from Warwick and inc. 1913. Textile manufacturing remains a leading industry. West Warwick includes the village of River Point. , R.I. -- Astro-Med, 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 :ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ) reports sales of approximately $13,240,000 for the Third Quarter ended October 30, 2004. Preliminary projections place earnings in the break-even range. For the corresponding period of the prior year, Astro-Med reported sales of $14,386,000 on which net earnings amounted to $901,000, equal to 16 cents per diluted share. For the nine-month period ended October 30, 2004, Astro-Med estimates sales of $41,472,000 and net income of $2,201,000, equal to 38 cents per diluted share. For the nine-month period of the prior year, Astro-Med reported sales of $41,623,000 and net income of $2,217,000, equal to 43 cents per diluted share. Albert W. Ondis, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated: "Our QuickLabel Systems product group continued its strong performance, but revenues from the other two product groups fell short of our business plan due to deferred purchasing by our customers. We are looking forward to a strong recovery in the Fourth Quarter." The Company's actual results for the Third Quarter will be released on Tuesday, November 16, 2004 and management will discuss the results in detail during our conference call at 5:00 PM EST EST electroshock therapy. EST abbr. electroshock therapy on the same day. It will be broadcast in real time from the Investors Relations portion of the Company's website at www.astromed.com. Astro-Med, Inc. is a leading manufacturer of high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments employed around the world in a wide range of industrial, scientific, and medical applications. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2004 annual report and its annual and quarterly filings with the Securities and Exchange Commission. |
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