Brush Wellman comments on business conditions and potential capacity expansion.CLEVELAND--(BUSINESS WIRE)--Feb. 21, 1995--Gordon Harnett, Chairman, President and Chief Executive Officer of Brush Wellman Inc. (NYSE-BW) today commented on business conditions facing the Company. "Thus far in 1995, our sales and orders have continued to grow from the record level achieved last year. Consequently, it now appears that our earnings for the first quarter are likely to exceed the 35 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. earned during the first quarter 1994. "The sales increases which we have achieved over the past two years have resulted from our ability to develop new applications for our products, our success in expanding our international presence and the cyclical cyclical Of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements. strength of several target markets. "Our success in marketing is creating the need to evaluate alternatives for expanding production capacity to position ourselves for future growth, particularly for alloy alloy (ăl`oi, əloi`) [O. Fr.,=combine], substance with metallic properties that consists of a metal fused with one or more metals or nonmetals. strip products. Our evaluation involves essentially four objectives. First, increase our capacity to supply high-quality alloy products to our customers. Second, reduce our production costs, thereby improving the competitiveness of our products relative to alternative engineering solutions. Third, improve our level of service to customers by reducing delivery lead times. Fourth, optimize optimize - optimisation working capital utilization by streamlining processes and reducing work-in-process inventory requirements. We are currently studying a variety of approaches to achieving these objectives. "Clearly, a major expansion and upgrade of capacity could potentially involve a significant capital commitment. However, at this early stage of the study, it would be premature to speculate as to the scope, or cost of any alternative under review. Any action we choose will be designed to enhance the Company's ability to provide a superior return on investment in the long term without jeopardizing our strong financial position." Brush Wellman Inc., with headquarters in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. , is a manufacturer of engineered materials. The Company and its subsidiaries supply worldwide markets with beryllium beryllium (bərĭl`ēəm) [from beryl ], metallic chemical element; symbol Be; at. no. 4; at. wt. 9.01218; m.p. about 1,278°C;; b.p. 2,970°C; (estimated); sp. gr. 1.85 at 20°C;; valence +2. , beryllium alloys This is a list of alloys for which an article exists in Wikipedia (or is proposed but not yet written). They are grouped by base metal, in order of increasing atomic number. Within these headings they are in no particular order. , beryllia ceramic, precious metal products, and specialty metal systems. CONTACT: Brush Wellman Inc., Cleveland Timothy J. Reid, 216/383-6835 |
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