Cantel Industries announces results of operations for the quarter ended Oct. 31, 1995.CLIFTON, N.J.--(BUSINESS WIRE)--Dec. 15, 1995--Cantel Industries, 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 :CNTL CNTL Control ) reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $5,429,000 and net income of $87,000 or $0.03 per share for the quarter ended Oct. 31, 1995, as compared with net sales of $6,313,000 and net income of $61,000 or $0.02 per share for the quarter ended Oct. 31, 1994. James P. Reilly, president and chief executive officer of Cantel Industries, Inc., stated, "Although we experienced lower sales in the first quarter, which occurred as a result of the strong finish in the fourth quarter sales of fiscal 1995 which increased 37% over the fourth quarter of fiscal 1994, we expect increased sales and earnings for fiscal 1996." Reilly further stated, "In connection with the MediVators merger, announced on Nov. 15, 1995, we have filed a Registration Statement of Form S-4 with the Securities and Exchange Commission, and the shareholders' meetings shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. of Cantel and MediVators, at which shareholders will be asked to consider and vote on the merger, should be held some time in February 1996." Reilly added, "We are continuing our search for additional acquisition opportunities, with particular emphasis on expanding our Medical Division in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , where the Company has a net operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. carryforward of approximately $11,000,000. We are also looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. additional product lines to add to our Canadian distribution businesses." Cantel, through its Canadian subsidiary, Carson Group Inc., markets and distributes medical instruments (including flexible and rigid endoscopes), precision instruments (including microscopes and image analysis systems) and industrial equipment (including remote visual inspection devices, laser distance measurement and thermal imaging products and on-line optical inspection and quality assurance systems for specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. industrial applications.) Carsen also offers a full range of photographic equipment and supplies for amateur and professional photographers and business products, including personal dictation equipment and shredders. -0- Cantel Industries, Inc. Summary of Results
Three Months Ended
October 31,
1995 1994
Net sales $5,429,000 $6,313,000 Net income 87,000 61,000 Earnings per common share $0.03 $0.02 Average number of shares 3,264,307 3,146,534 -0- CONTACT: Cantel Industries, Inc., Clifton James P. Reilly, 201/470-8700 or Martin Janis & Company, Chicago Rebecca Hayne, 312/943-1100 |
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