Berger Holdings Ltd. reports 1st quarter profit of $34,446 versus a loss of $309,537.FEASTERVILLE, Pa.--(BUSINESS WIRE)--May 12, 1995--Berger Holdings Ltd. (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 :BGRH) reported a profit of $34,446 for the first quarter ending March 31, 1995 on revenue of $4,047,504 or 1 cent per share versus a loss of $309,537 on revenue of $2,618,115 or ($.14) per share for the comparable 1994 quarter. Joseph Weiderman, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. stated: "We are very pleased with the results of the first quarter which exceeded our expectations. Our second quarter has started slower than we anticipated. We attribute this to a combination of a very mild winter, the absence of spring rains, and a softening economy due to increased interest rates." He further stated: "We are cautiously optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that the impact of the above is short term and that the balance of the year will see the resumption of improving results." Berger Holdings Ltd. is the parent company of Berger Building Products, founded in 1874, and is a manufacturer of roof drainage products and solid vinyl siding Wikipedia is not the place for advertisement or self-advertising. Vinyl siding, first introduced to the exterior cladding market in the late 1950s, is an alternative to aluminum siding, fiber cement siding, and timber siding. used primarily in the remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling and renovation market. CONTACT: Berger Holdings Ltd., Feasterville Theodore A. Schwartz or Joseph F. Weiderman, 215/355-1200 |
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