Clary Corporation Announces Second Quarter Earnings.Business Editors MONROVIA, Calif.--(BUSINESS WIRE)--July 18, 2002 Clary clary: see sage. Corporation (PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. :CLY) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CLRY) announced sales and other revenues of $1,264,000 for the quarter ended June 30, 2002, compared to $2,359,000 for the same period in 2001. Net earnings of $70,000 or 3 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. on average shares of 2,407,419 is being reported for the quarter in 2002 compared to net earnings of $580,000 or 32 cents per share on average shares of 1,807,419 in 2001. The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). energy crisis of 2001 prompted the traffic engineers of the cities, counties and state to provide battery backup See UPS. to keep the intersections operating. By keeping the intersections alive, it allowed the police personnel to provide their normal duties of crime prevention and citizen protection. The concept of using power backup for the stated reasons is still quite valid. However, since the blackout A complete loss of power. See brownout. threat is much less in 2002 coupled with large state budget deficits, these safety priorities are currently held on the back burner Noun 1. back burner - reduced priority; "dozens of cases were put on the back burner" precedence, precedency, priority - status established in order of importance or urgency; "... by many city and state officials. This decrease in demand was the major reason for the Company's sales and earnings decrease in the quarter for 2002 as compared to the same quarter in 2001.
THREE MONTHS ENDED JUNE 30,
--------------------------
2002 2001
----------- -----------
Net Sales and Other Income $ 1,264,000 $ 2,359,000
Earnings Before Taxes $ 74,000 $ 582,000
Income Tax Expenses(1) 4,000 2,000
----------- -----------
Net Earnings $ 70,000 $ 580,000
=========== ===========
Net Earnings per Common Share $ .03 $ .32
=========== ===========
Average Number of Shares 2,407,419 1,807,419
SIX MONTHS ENDED JUNE 30,
--------------------------
2002 2001
----------- -----------
Net Sales and Other Income $ 2,534,000 $ 3,511,000
Earnings Before Taxes $ 122,000 $ 638,000
Income Tax Expenses(1) 11,000 2,000
----------- -----------
Net Earnings $ 111,000 $ 636,000
=========== ===========
Net Earnings per Common Share $ .05 $ .35
=========== ===========
Average Number of Shares 2,107,419 1,807,419
(1) State and Federal NOL's in 2001. Only Federal NOL in 2002.
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion