Ballard Medical Products reports record third quarter earnings and sales.DRAPER, Utah--(BUSINESS WIRE)--July 19, 1995--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 . ) is pleased to report record earnings and sales for the quarter and nine months ended June 30, 1995. The company continues to meet analyst projections for fiscal year 1995 and is on schedule to have a very strong year. 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 the first nine months of fiscal year 1995 were $59,894,000, compared to $52,528,047 for the first nine months of fiscal year 1994. Net sales for the third quarter of fiscal year 1995 were $21,353,000, compared to $18,445,692 for the third quarter of last year. The company had nine months' after-tax net income of $14,815,000 (53.5 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. , including common stock equivalents), compared to $13,490,000 (49.4 cents per share) for the first nine months of fiscal year 1994 (excluding the $1,403,232 effect in 1994 of a change in accounting for income taxes, required by FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). 109). Net income for the third quarter of the current fiscal year was $5,269,000 (19 cents per share), compared to $4,338,014 (16 cents per share) for the corresponding quarter of last year. The above net sales, net income, and per share figures for both fiscal years 1995 and 1994 reflect the consolidation of Ballard Medical and its subsidiaries. CONTACT: Ballard Medical Products, Draper Dale H. Ballard or Kenneth R. Sorenson, 801/572-6800 |
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