Barringer Laboratories Inc. announces third quarter 1995 results.GOLDEN, Colo.--(BUSINESS WIRE)--Oct. 28, 1996--Barringer Laboratories 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 :BALB BALB Bagg Albino (inbred research mouse strain) ) announced today its results for the third quarter ended Sept. 30, 1996. Sales for the third quarter were $2,119,000 compared to $1,867,000 for the corresponding quarter last year, an increase of $252,000 (13.5%). For the third quarter, the company had income of $382,000 as compared to an income of $295,000 in the third quarter of 1995, an increase of $87,000 (29.5%). For the nine months ended Sept. 30, 1996, sales were $5,090,000 compared to $4,956,000 for the corresponding period in 1995, an increase of $134,000 (2.7%). Net income in the first nine months of 1996 was $460,000 as compared to a net income of $413,000 for the first nine months of 1995, an increase of $47,000 (11.4%). In commenting on the results, Robert H. Walker, Barringer Laboratories Inc.'s 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. said, "The increase in sales in the third quarter was attributed to sales increases in the Mineral Division as well as a sizable siz·a·ble also size·a·ble adj. Of considerable size; fairly large. siz  a·ble·ness n. increase in Environmental sales over the first two
quarters of 1996, although still below the same quarter in 1995.Uncertainty still exists in the environmental market at this time, however, fourth quarter, 1996 sales should equal 1995 sales levels and income for 1996 will be consistent with 1995 income." Barringer Laboratories Inc. provides environmental analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. services for waste management, hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen , nuclear, and mining industries and assay/geochemical testing services for the mining industries. The following comparative table depicts the results for the third quarter and first nine months ended Sept. 30, 1996 and 1995. -0-
Barringer Laboratories Inc.
Condensed Consolidated Results of Operations
(unaudited)
Three Months Ended Nine Months Ended
9/30/96 9/30/95 9/30/96 9/30/95
Net Sales $2,119,000 $1,867,000 $5,090,000 $4,956,000
Net Income 382,000 295,000 460,000 413,000
Per Share Data: .23 .13 .28 .18
Weighted average
common shares
outstanding 1,652,016 2,299,254 1,652,016 2,299,254
CONTACT: Barringer Laboratories Inc., Golden Robert Walker Robert Walker may refer to:
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