Conair Corporation Reports Fiscal 2000 Year End Results.Business Editors GARDEN CITY PARK, N.Y.--(BUSINESS WIRE)--Jan. 12, 2001 Conair Corporation Conair Corporation is a United States corporation which sells appliances, personal care products, and health and beauty products for both professionals and consumers. It was founded in 1959 and has since expanded to include ten product divisions. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CNGA CNGA China National Garment Association CNGA California Native Grasslands Association CNGA Colorado Nursery and Greenhouse Association CNGA Canadian Natural Gas Association ) today announced the audited results for the fiscal year ended September 30, 2000. The Company reported revenues of $1,967,014 for the three months ended September 30, 2000, a decrease from $2,540,158 for the same period last year. Income before taxes declined to $163,042 for the fourth quarter of fiscal 2000 from $281,459 for the comparable period in fiscal 1999. Net income for the final quarter of fiscal 2000 decreased to $80,089, or $0.01 per share on a diluted basis, versus $142,371, or $0.02 per share on a diluted basis, for the same quarter last year. Conair reported fiscal year end 2000 revenues of $8,113,710 compared to $8,015,347 for fiscal 1999. Income before taxes decreased to $333,253 in fiscal 2000 from $379,473 in fiscal 1999. Net income for the twelve months ended September 30, 2000 was $333,253, or $0.05 per share on a diluted basis, versus $379,473, or $.06 per share on a diluted basis, for the same period last year.
Consolidated Financial Highlights
Three Months Ended Twelve Months Ended
September 30, September 30,
(Unaudited) (Audited)
2000 1999 2000 1999
Revenues $1,967,014 $2,540,158 $8,113,710 $8,015,347
Income
before taxes $ 163,042 $ 281,459 $ 719,408 $ 762,324
Net
income (loss) $ 80,089 $ 142,371 $ 333,253 $ 379,473
EPS (loss)
- basic $ 0.01 $ 0.02 $ .0.07 $ .0.07
- diluted $ 0.01 $ 0.02 $ 0.05 $ 0.06
Wtd. avg. shrs
out'ing
- basic 5,840,092 5,840,092 5,840,092 5,840,092
- diluted 6,440,558 6,535,814 6,440,558 6,535,814
Conair Corporation is a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based contracting firm with market representation in 38 states and subsidiaries focused on mechanical engineering, service, and environmental products for the $16 billion air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , heating, and refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. industry. The Company's most dynamic subsidiary, Safecon Systems, is the industry leader in refrigerant re·frig·er·ant adj. 1. Cooling or freezing; refrigerating. 2. Reducing fever. n. 1. A substance, such as air, ammonia, water, or carbon dioxide, used to provide cooling either as the working substance of conservation technology with the only UL listed and acceptable conservation device in the refrigeration industry. With the exception of the historical information contained in the release, the matters described herein contain forward-looking statements that are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements involve various risks and may cause actual results to differ materially. These risks include, but are not limited to, the ability of the Company to grow internally or by acquisition, and to integrate acquired businesses, changing industry and competitive conditions, and other risks outside the control of the Company. |
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