Cohesant Technologies Reports Record Sales and Earnings For Third Quarter and First Nine Months of Fiscal 2004.INDIANAPOLIS -- Cohesant Technologies Inc. (Nasdaq:COHT) today reported record sales and earnings for its third quarter and nine months ended August 31, 2004. This marks Cohesant's 14th consecutive quarter of record earnings. Net income for the quarter was $541,724, an increase of 23.3% over the $439,347 reported in the previous year period. On a fully 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. per share basis, net income was $.20 in the current quarter compared to $.17 last year. The Company's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the third quarter of fiscal 2004 increased 12.0% to $5,116,265 from $4,570,128 for the same period last year. For the first nine months of fiscal 2004, net income was $1,359,377, an increase of 36.1% over the $998,972 reported in the previous year period. On a fully diluted per share basis, net income was $.51 in the current period compared to $.39 last year. The Company's net sales for the first nine months of fiscal 2004 increased 16.9% to $14,641,856 from $12,526,006 for the same period last year. Morris H. Wheeler, the Company's President and Chief Executive Officer, stated, "Cohesant has again topped $5 million in quarterly sales and earned $0.20 cents on a fully diluted basis. Equipment sales at GlasCraft were up 27% over the same period last year in its domestic market and GlasCraft's International equipment sales continued to be strong beating same period last year by 14%. Overall, Equipment sales were up over 17% for the quarter and are up over 14% for the first nine months of this year compared to last. Coatings sales remained on a record pace for the year with over a 24% increase over the first nine months of fiscal 2004, but were essentially flat for the quarter." Cohesant Technologies Inc., based in Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. , designs, develops, and manufactures specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. dispense dispense /dis·pense/ (-pens´) to prepare medicines for and distribute them to their users. dis·pense v. To prepare and give out medicines. equipment and specialty coating products through its two subsidiaries: GlasCraft, Inc., and Raven raven, common name for the largest member of the family Corvidae (crow family), ranging throughout the arctic and temperate regions of the Northern Hemisphere. The raven, Corvus corax, is a glossy black scavenging bird about 26 in. Lining Systems, Inc. GlasCraft and, to a limited extent, Raven Lining Systems manufactures dispense equipment for applying plural PLURAL. A term used in grammar, which signifies more than one. 2. Sometimes, however, it may be so expressed that it means only one, as, if a man were to devise to another all he was worth, if he, the testator, died without children, and he died leaving one component materials such as polyesters, polyurethanes polyurethanes (pŏl'ēy  r`əthānz), group of plastics that may be either thermosetting or thermoplastic. Polyurethane can be made into both flexible and rigid foams. , polyureas, and
epoxies This article is about the band named the Epoxies. For the adhesive, see Epoxy. The Epoxies are an American band from Portland, Oregon formed in 2000. Heavily influenced by punk rock and New Wave the band has described themselves as robot garage rock. . Raven Lining Systems, Inc., manufactures and sells the Raven and AquataPoxy line of high-performance coating systems. These systems provide corrosion protection and structural renewal when coating and rehabilitating all types of infrastructure in water, wastewater and industrial markets.
COHESANT TECHNOLOGIES INC.
Summary Financial Data (Unaudited)
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Three Months Ended Three Months Ended
August 31, 2004 August 31, 2003
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Net sales $5,116,265 $4,570,128
Income before income taxes 862,222 688,261
Net income $541,724 $439,347
Net income per share
Basic $0.21 $0.17
Diluted $0.20 $0.17
Average number of common
shares outstanding:
Basic 2,600,655 2,578,865
Diluted 2,717,603 2,599,907
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Nine Months Ended Nine Months Ended
August 31, 2004 August 31, 2003
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Net sales $14,641,856 $12,526,006
Income before income taxes 2,163,648 1,565,491
Net income $1,359,377 $998,972
Net income per share
Basic $0.52 $0.39
Diluted $0.51 $0.39
Average number of common
shares outstanding
Basic 2,590,090 2,574,864
Diluted 2,689,340 2,594,638
Certain statements contained in this report that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statement. These risks and uncertainties include, but are not limited to, a slow-down in domestic and international markets for plural component dispensing dispensing provision of drugs or medicines as set out properly on a lawful prescription. A prescription can only be filled, the drugs supplied, by a registered pharmacist, veterinarian, dentist or member of the medical profession. systems and a reduction in growth of markets for the Company's epoxy epoxy Any of a class of thermosetting polymers, polyethers built up from monomers with an ether group that takes the form of a three-membered epoxide ring. The familiar two-part epoxy adhesives consist of a resin with epoxide rings at the ends of its molecules and a curing coating systems. |
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