Clary Corp. Announces Earnings.Business Editors MONROVIA, Calif.--(BUSINESS WIRE)--July 19, 2001 Clary clary: see sage. Corp. (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :CLY TT) announced sales and other revenues of $2,359,000 for the three months ended June 30, 2001, compared with $1,334,000 for the same period in 2000. Net earnings of $580,000 or 32 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. is being reported for the quarter in 2001 compared with net earnings of $38,000 or 2 cents per share in 2000. The major reason for the sales increase in the second quarter of 2001 was the pent-up demand for the company's traffic products, especially those products associated with keeping traffic intersections alive during a power failure. The California energy crisis, which has caused rolling blackouts Rolling blackout refers to an intentionally-engineered electrical power outage, caused by insufficient available resources to meet prevailing demand for electricity. For information about accidental blackouts that are not intentionally engineered, see power outage. , has prompted the traffic engineers of the cities, counties and state to provide battery backup See UPS. as standard equipment to keep the intersections operating. By keeping the intersections alive, it allows the police personnel to perform their normal duties of crime prevention and citizen protection in lieu of Instead of; in place of; in substitution of. It does not mean in addition to. directing traffic at dead intersections. Further, an operating intersection is considered by most to be a public health and safety priority. The company expects sales of these products to remain strong over the third quarter of this year and then become somewhat abated Abated, an ancient technical term applied in masonry and metal work to those portions which are sunk beneath the surface, as in inscriptions where the ground is sunk round the letters so as to leave the letters or ornament in relief. From 1911 Encyclopædia Britannica as cooler weather lessens the demand for electricity, thus easing the crisis. -0-
Three Months Ended June 30,
2001 2000
Net Sales and Other Income $ 2,359,000 $ 1,334,000
Earnings Before Taxes $ 582,000 $ 39,000
Income Tax Expenses 2,000 1,000
Net Earnings $ 580,000 $ 38,000
Net Earnings per Common Share $ .32 $ .02
Average Number of Shares 1,807,419 1,807,419
Six Months Ended June 30,
2001 2000
Net Sales and Other Income $ 3,511,000 $ 2,751,000
Earnings Before Taxes $ 638,000 $ 53,000
Income Tax Expenses 2,000 1,000
Net Earnings $ 636,000 $ 52,000
Net Earnings per Common Share $ .35 $ .03
Average Number of Shares 1,807,419 1,807,419
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