Ballard Medical Products reports record second quarter and six months 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)--April 16, 1997--Ballard Medical Products (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 . ) (BMP) Wednesday reported record sales and earnings for the quarter and six months ended March 31, 1997. Sales for the quarter were $30,814,000, compared to $25,807,593 for the second quarter of fiscal year 1996. Sales for the six months ended March 31, 1997, were $59,274,000, compared to $49,478,137 for the same period of fiscal year 1996. Net income for the second quarter ended March 31, 1997, was $7,476,000 (26 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 $6,445,696 (23 cents per share) for the second quarter of fiscal year 1996. Net income for the first six months of fiscal year 1997 was $14,401,000 (49 cents per share), compared to $12,162,285 (42 cents per share) for the same period of fiscal year 1996. The company is ahead of schedule with its plans to consolidate seven different manufacturing facilities into two (Draper and Pocatello) by the end of this calendar year. Combining the operations of the various companies recently acquired will reduce overall manufacturing costs. The above 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 , net income and per share figures reflect the consolidation of Ballard Medical and its subsidiaries. CONTACT: Ballard Medical Products, Draper Dale H. Ballard or Kenneth R. Sorenson, 801/572-6800 Fax: 801/572-6869 |
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