Berger Holdings Ltd. reports record revenues for the first quarter ended March 31, 1997.PHILADELPHIA--(BUSINESS WIRE)--April 8, 1997--Berger Holdings Ltd. (Nasdaq:BGRH) reported revenue of $4.5 million for the quarter ending March 31, 1997 vs. $3,611,000 for the comparable 1996 quarter, an increase of 24.6% or $889,000. This was the fourth consecutive record quarter for revenues. Joseph F. 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 expect to report a profit for the first quarter verses a loss of ($37,764) in the comparable 1996 quarter." He further stated, "We are particularly pleased with these results since the first quarter is traditionally our slowest period." Berger had previously reported a profit of $1,654,501 or 41 cents fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. for the year ended Dec. 31, 1996. Revenues for the year ended Dec. 31, 1996 were $19,746,000. 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: Financial Broker Relations Ltd. Michael Fearnow, 713/840-7500 or Berger Holdings Ltd. Theodore A. Schwartz, 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. , 215/355-1200 ext. 123 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion