Printer Friendly

CERADYNE INC. ANNOUNCES RESULTS FOR FIRST QUARTER, 1992

 CERADYNE INC. ANNOUNCES RESULTS FOR FIRST QUARTER, 1992
 COSTA MESA, Calif., April 14 /PRNewswire/ -- Ceradyne Inc.


(NASDAQ: CRDN) announced operating results for the first quarter, 1992.
 Ceradyne reported a net loss of ($387,000) or ($.06) per share for the quarter ended March 31, 1992, compared to a net income of $64,000 or $.01 per share in the comparable prior year period. In the 1992 quarter, sales decreased to $4,785,000 from $6,296,000 one year ago.
 Sales declined due primarily to lower defense business and the recession. Management stated, however, that continued cost reduction measures have reduced the company's breakeven point. Management anticipates that as shipments of the company's non-defense technical ceramics such as cathodes for CRT displays and industrial ceramics increase, Ceradyne's current reduced breakeven point will facilitate improved profitability.
 Below is a summary of unaudited comparative results:
 Three Months Ended
 March 31,
 1992 1991
 Sales $4,785,000 $6,296,000
 Net (loss) income ($387,000) $64,000
 Net (loss) income per share ($.06) $.01
 Average shares 6,138,000 6,266,000
 -0- 4/14/92
 /CONTACT: James F. Gardner of Ceradyne, 714-549-0421/
 (CRDN) CO: Ceradyne Inc. ST: California IN: SU: ERN


AL-CH -- LA021 -- 8295 04/14/92 12:46 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 14, 1992
Words:208
Previous Article:PRESS STATEMENT FROM ARTHUR ASHE
Next Article:COMMERCE BANCORP QUARTERLY EARNINGS AT ALL-TIME HIGH


Related Articles
CERADYNE ANNOUNCES RESULTS FOR THE YEAR AND FOURTH QUARTER 1991
CERADYNE ANNOUNCES RESULTS
CERADYNE INC. ANNOUNCES RESULTS FOR THIRD QUARTER
CERADYNE INC. ANNOUNCES RESULTS FOR THE YEAR AND FOURTH QUARTER 1992
CERADYNE ANNOUNCES OPERATING RESULTS FOR THE FIRST QUARTER OF 1993
CERADYNE INC. ANNOUNCES OPERATING RESULTS FOR SECOND QUARTER 1993
CERADYNE ANNOUNCES THIRD QUARTER RESULTS
CERADYNE INC. ANNOUNCES OPERATING RESULTS
FOURTH QUARTER LOSSES NARROW ON INCREASED SALES
Ceradyne, Inc. (Nasdaq: CRDN) Reports Second Quarter Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters