Ballard Medical Products reports record fiscal year end sales and earnings.DRAPER drap·er n. Chiefly British A dealer in cloth or clothing and dry goods. [Middle English, weaver or seller of cloth, from Old French drapier, from drap, cloth; see , Utah--(BUSINESS WIRE)--Oct. 15, 1996--Ballard Medical's (NYSE NYSE See: New York Stock Exchange :BMP (1) (BitMaP) Also known as a "bump" file, it is the native, bitmapped graphics format in Windows. A BMP can be saved in several color options: 1-, 4-, 8- and 24-bit color provide 2, 16, 256 and 16,000,000 colors respectively. BMP files use the .BMP or . ) 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 for its fiscal year ending Sept. 30, 1996, were $103,525,000, compared to $84,152,967 in fiscal year 1995, which represents a 23 percent increase for the year. The company had net income of $25,603,000 for the fiscal year 1996, compared to $20,942,616 for fiscal year 1995. This represents an increase of 22 percent over fiscal year 1995. Earnings per share for the year were 88 cents, compared to 74 cents for fiscal year 1995. The company's net sales for the three months ending Sept. 30, 1996, were $27,201,000, compared to $22,417,272 in the last quarter of fiscal year 1995, an increase of 21 percent. The company's net income for the quarter ending Sept. 30, 1996, was $6,765,000 (24 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. ), compared to $5,717,378 (20 cents per share) for the fourth quarter of last year. Reviewing the past year, Dale H. Ballard, 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, "We are very pleased to release such excellent results. This has been a very active year of acquisitions for Ballard Medical. We, as a management team, spend at least 40 percent of our time searching for new products. This resulted in our acquiring four companies during the past fiscal year. With these additions to our product families and the ongoing search for new products, the company is poised to continue its strong growth and success." The above numbers reflect the consolidation of Ballard and each of its subsidiaries where appropriate. CONTACT: Ballard Medical Products, Draper Dale H. Ballard or Kenneth R. Sorenson, 801/572-6800 |
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