Communication Cable Inc. reports financial results.SANFORD Sanford. 1 City (1990 pop. 32,387), seat of Seminole co., central Fla., on Lake Monroe and the St. Johns River; inc. 1877. It is an agricultural center where citrus fruit and vegetables are processed. , N.C.--(BUSINESS WIRE)--Dec. 22, 1994--Communication Cable Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CABL CABL Consolidation of Administration at Battalion Level CABL Cabling Subsystem ), a specialty electronic wire and cable manufacturer, headquartered in Sanford, today reported sales and earnings for its fiscal year ended Oct. 31, 1994. Sales for the year ended Oct. 31, 1994 were $52,375,673 compared to $47,662,216 in fiscal 1993, an increase of 10%. Sales for the fourth quarter of 1994 were $14,556,932 compared to $11,934,234 for the same period in 1993, an increase of 22%. Net earnings before cumulative effect of change in accounting principle for the year ended Oct. 31, 1994 were $1,367,223, or $.53 per share compared to earnings of $1,737,018, or $.68 per share in 1993. Net earnings for the fourth quarter of 1994 were $110,084, or $.04 per share compared to $526,068, or $.20 per share in 1993. Net earnings for the year ended Oct. 31 included charges for expenses related to the proposed merger with Kuhlman Corp. which are not deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). for income taxes of $279,085, or $.11 per share. On Sept. 21, 1994, Communication Cable Inc. signed a definitive agreement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the merger with Kuhlman Corp., headquartered in Savannah Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. , Ga. The parties are proceeding with responding to regulatory comments and ongoing due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. regarding financial results and future prospects. The merger is subject to customary closing conditions and the approval of stockholders of both companies. -0-
COMMUNICATION CABLE INC.
Financial Highlights
Fourth Quarter Ended
Oct. 31,
1994 1993
Sales $14,556,932 $11,931,234
Net earnings before cumulative
effect of change in accounting
principle $ 110,084 $ 526,068
Cumulative effect of change in
accounting principle -- --
Net earnings 110,084 526,068
Earnings per share before cumulative
effect of change in accounting
principle 4 cents 20 cents
Cumulative effect of change in
accounting principle per
share -- --
Earnings per share 4 cents 20 cents
Weighted average shares
outstanding 2,606,458 2,576,478
Year Ended
Oct. 31,
1994 1993
Sales $52,375,673 $47,662,216
Net earnings before cumulative
effect of change in accounting
principle $ 1,367,223 $ 1,737,018
Cumulative effect of change in
accounting principle 154,157 --
Net earnings 1,521,380 1,737,018
Earnings per share before cumulative
effect of change in accounting
principle 53 cents 68 cents
Cumulative effect of change in
accounting principle per
share 6 cents --
Earnings per share 59 cents 68 cents
Weighted average shares
outstanding 2,579,720 2,570,181
CONTACT: Communication Cable Inc., Sanford James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. R. Fore or William B. Cooper
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