Brush Wellman comments on second quarter earnings.CLEVELAND--(BUSINESS WIRE)--June 26, 1996--Gordon D. Harnett, chairman, president and chief executive officer of Brush Wellman Inc. (NYSE NYSE See: New York Stock Exchange :BW) today commented on current business conditions facing the company. "The strong trend in our business which began late in the first quarter has continued into the second quarter, to date. As a result, it now appears likely that earnings for the second quarter 1996 will be at least 45 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. ." Brush Wellman earned 40 cents per share in the second quarter 1995, and 32 cents per share in the first quarter 1996. Brush Wellman Inc., with headquarters in Cleveland, 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. products, 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. products, ceramic products, precious metal products and specialty metal systems. CONTACT: Brush Wellman Inc., Cleveland Timothy J. Reid, 216/383-6835 |
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