CODE-ALARM REPORTS FIRST-QUARTER RESULTS
CODE-ALARM REPORTS FIRST-QUARTER RESULTS MADISON HEIGHTS, Mich., April 22 /PRNewswire/ -- Code-Alarm, Inc.
(NASDAQ-NMS: CODL) today announced its financial results for the first quarter ended March 31, 1992. Net sales for the quarter were $10,955,000, up 4 percent from $10,542,000 for the same period of 1991. Net income for the three months ended March 31, 1992, was $80,000 as compared to $184,000 for the same period of 1991.
Net sales for 1992 advanced as compared to last year principally as a result of an increase in sales of private label security products to Ford, General Motors and Chrysler. Net income for the quarter ended March 31, 1992, included a non- recurring charge of approximately $102,000 related to the relocation of the company's Tessco subsidiary to a newly redeveloped facility in Georgetown, Texas. CODE-ALARM, INC. COMPARATIVE STATEMENT OF EARNINGS FOR THE QUARTER ENDED MARCH 31: 1992 1991 Consolidated net sales $10,955,000 $10,542,000 Net income (after tax) $80,000 $184,000 Net income per share $.03 $.07 Weighted average shares 2,494,880 2,585,570 -0- 4/22/92 /CONTACT: Kenneth Mueller, director, investor relations, or Sheryl Gruener, public relations manager, Code-Alarm, Inc., 313-583-9595/ (CODL) CO: Code-Alarm, Inc. ST: Michigan IN: AUT SU: ERN
JG -- DE022 -- 1434 04/22/92 16:08 EDT
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|Date:||Apr 22, 1992|
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