Cohesant Technologies Inc. announces first quarter earnings.CLEVELAND--(BUSINESS WIRE)--March 17, 1995--Cohesant Technologies (COHT) reported that in its first quarter for the year ending Nov. 30, 1995, it earned $110,000 or 4 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. for the quarter, based upon 2,474,000 average shares outstanding. This compares favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. with pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma net income of approximately $17,000 or 1 cent per share for the same three month period ended Feb. 28, 1994. The company further reported that its sales in the first quarter were $3,263,000 which are up approximately 14.3 percent over the same period for the prior year. Management said that seasonally, the first quarter is normally lower than other quarters of the year. Management further stated that based upon the current levels of activity within its business units that it expects earnings per share to continue to improve as the fiscal year progresses. CONTACT: Cohesant Technologies Inc., Cleveland Cleveland, former county, England Cleveland, former county, NE England, created under the Local Government Act of 1972 (effective 1974). It was composed of the county boroughs of Hartlepool and Teeside and parts of the former counties of Durham and Michael Boeckman, 216/861-6266 |
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