Ceradyne Inc. Reports Second-Quarter 1999 Sales and Earnings.COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif.--(BUSINESS WIRE)--July 26, 1999-- Ceradyne Ceradyne, Incorporated, NASDAQ: CRDN is a Costa Mesa, California, USA, manufacturer of ceramics products traded on the NASDAQ Stock Market. Ceradyne researches and produces varieties of ballistic armor for both personnel and vehicles. Inc. (Nasdaq/NM:CRDN CRDN Certified Restoration Drycleaning Network ) Monday Monday: see week. announced financial results for the three months ended June June: see month. 30, 1999. For the quarter, the company reported net income of $401,000, or 5 cents per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. and basic share, compared with net income of $326,000, or 4 cents per diluted and basic share, in the year-ago period. Sales for the 1999 second quarter totaled $7.3 million, compared with sales ofar period. The 1999 six-months sales were $13.6quarter of 1998, and for the six months ended Jitz, chairman, president and chief executive officer of Ceradyne, said: "We are particularly pleased with th "Highlighting these new orders are a $4 miwill be shipped by the end of this year. " total `deliverables' under the contract to $6.7 million. "However, actual shipments of this order willon has been delayed, we believe it will be issution can be found at the company's Web site: www.ceradyne.com. This news release contains forward-loouse actual results to differ materially. These risks and uncertainties are described in the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended Dec. 31, 1998, as filed with the Securities and Exchange Commission. -0-
30, June 30,
June 30,
Dec. 31,
1999 1998
(Unaudited) (Audited)
Cash and cash equivalents $ 2,149,000 $ 2,870,000
Other current assets 15,195,000 14,052,000
Net property, plant and equipment 9,899,000 8,857,000
Other assets 3,701,000 3,714,000
Total assets $30,944,000 $29,493,000
Current liabilities 2,994,000 1,871,000
Long-term debt -- --
Deferred revenue 135,000 270,000
Stockholders' equity $27,815,000 $27,352,000
Total liabilities and stockholders' equity $30,944,000 $29,493,000
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion