Chattem corrects figure in financial table of earnings release.--(BUSINESS WIRE)-- In BW1028, (CHATTEM Chattem NASDAQ: CHTT is a Chattanooga, TN based producer and marketer of over-the-counter healthcare products, toiletries, dietary supplements, topical analgesics, and medicated skin care products. ) Chattem Announces Operating Results, Three months ended Nov. 30, 1994 figure for Extraordinary Loss On Early Extinguishment The destruction or cancellation of a right, a power, a contract, or an estate. Extinguishment is sometimes confused with merger, though there is a clear distinction between them. Of Debt, Net, should read "--" sted "(1,556)". A corrected table follows: -0-
CHATTEM, INC.
Consolidated Income Statement
(000s omitted except per share data)
Twelve Months Ended Nov. 30, Three Months Ended Nov. 30,
1995 1994 % Change 1995 1994 % Change
Net Sales $100,598 $94,370 6.6% $25,122 $27,060 -7.2% Income from operations 14,468 12,539 15.4% 3,428 3,330 2.9% Interest expense (11,076) (9,359) 18.3% (2,528) (2,918) -13.4% Income from continuing operations 2,325 2,110 10.2% 593 338 75.4% Discontinued Operations: Income from operations(a) 674 1,500 -- -- 521 -- Gain on disposal(a) 9,334 -- -- (529) -- -- Total discontinued operations 10,008 1,500 -- (529) 521 -- Extraordinary loss on early extinguishment of debt, net(b) (367) (1,556) -- -- Net Income $11,966 $ 2,054 $ 64 $ 859 Weighted average number of common & common equivalent shares outstanding 7,292 7,292 7,292 7,292 Net Income Per Common Share: Continuing ops. 0.32 $ 0.29 10.2% $ 0.08 $ 0.05 75.4% Discontinued ops.(a) 1.37 0.21 (0.07) 0.07 Extraordinary Loss(b) (0.05) (0.21) -- -- Net Income $ 1.64 $ 0.29 $ 0.01 $ 0.12 (a) Reflects the previously disclosed sale of the Company's Specialty Chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. division on May 26, 1995. (b) Reflects the previously disclosed charge associated with the reduction of debt with the proceeds from the sale of the division. CONTACT: Chattem Inc., Chattanooga Chattanooga (chăt'ən  `gə), city (1990 pop. 152,466), seat of Hamilton co., E Tenn., on both sides of the Tennessee River near the Georgia line; inc. 1839.
800/366-6077 Joey Joey after Joseph Grimaldi, famous 19th-century clown. [Am. Hist.: Espy, 45] See : Clowns B. Hogan hogan Dwelling of the Navajo Indians of Arizona and New Mexico. The hogan is roughly circular and constructed usually of logs, which are stepped in gradually to create a domed roof. , ext. 221 Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. E. Bosworth, ext. 287 or The Foristall Company, Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of L.E. Foristall, 212/797-4646 |
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