Boyds Wheels Reports Third Quarter Financial Results.STANTON Stanton, city (1990 pop. 30,491), Orange co., SW Calif., SW of Anaheim; inc. 1956. The city's population grew rapidly in the late 20th century. Manufactures include electrical and electronic goods, signs, computer equipment, building materials, and plastics. , Calif.--(BUSINESS WIRE)--Nov. 14, 197--Boyds Wheels 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 :BYDS) Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant reported financial results for its third quarter and nine month period ended Sept. 30, 1997. The company posted a net loss for the third quarter of $2.1 million (including a bad debt charge of $465,000) or $0.55 per share, vs. net income of $568,000, or $0.14 per share, in last year's quarter. Sales for the current quarter equaled $4.8 million vs. $7.6 million in the prior year period. For the nine-month period, the company had a net loss of $7.5 million (including the one-time charge of approximately $2.3 million) or $1.95 per share, compared with net income of $1.7 million, or $0.55 per share a year ago. Sales for the first nine months were $12.6 million vs. $21.3 million in the comparable 1996 period. Operating results and gross margins continued to be affected in the first nine months by under-utilization of the company's expanded manufacturing facilities and by a significantly lower sales volume. Founded in 1988, Boyds Wheels designs, manufactures and markets high-quality aluminum wheels and related products for the specialty automotive and motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. aftermarkets. The company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Hot Rods hot rod Automobile rebuilt or modified for high speed, fast acceleration, or sporty appearance. A wide range of automobiles may be called hot rods, including some of those used in drag racing as well as those used in recreational cruising. by Boyds, is a global leader in the design and manufacture of custom cars and hot rods for individual clientele and promotional businesses. CONTACT: Boyds Wheels Inc., Stanton Gardiner Dutton or David Asher 714/952-4038 |
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