Consulier Engineering Inc. reports earnings.TEQUESTA, Fla.--(BUSINESS WIRE)--April 1, 1996--Consulier Engineering Inc. of Tequesta, reported net income of $942,403, or $.35 per share, for 1995, compared with net income of $858,472, or $.34 per share in 1994. Pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern earnings increased $172,000 to $1,528,403. Sales of Southeast Automotive, the company's automotive parts distribution subsidiary, increased 42% to a record $2,588,000 with Southeast pretax earnings increasing $160,200 to $358,500 in 1995 from $198,300 in 1994 (both records). Earnings from Consulier's investment in Adams, Viner & Mosler Ltd. (a government bond dealership) increased $204,000 to $1,927,200 representing an annual return on investment of 84%. An increase of $357,000 in operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. was partially offset by an increase of $269,000 in net interest income. During the year Consulier retired $1 million in long term debt. Net income for the three month period ended Dec. 31, 1995 totaled $244,825 or $.09 per share compared to $207,552 or $.08 for the prior year three month period. Pretax income pretax income Reported income before the deduction of income taxes. Pretax income is sometimes considered a better measure of a firm's performance than aftertax income because taxes in one period may be influenced by activities in earlier periods. for the quarter increased $78,900 to $379,800. The increase in the 1995 period resulted from an increase of $134,200 in earnings from the company's investment in Adams, Viner & Mosler Ltd., and an increase of $28,300 in net interest income. These increases were offset by a $51,700 increase in Corporate operating expenses due to increased spending on product research and development, and a reduction in Southeast quarterly earnings of $5,100. Despite the slight reduction in quarterly Southeast results, management expects continued improvement in this subsidiaries operating results for 1996. Financial information is summarized as follows: -0-
CONSULIER ENGINEERING INC.
Year ended
1995 1994
Net revenues $2,701,259 $2,037,207 Net income $ 942,403 $ 858,472 Average number of common and common equivalent shares outstanding 2,664,431 2,561,313 Primary and fully diluted Net income per share $.35 $.34
Three Months Ended
1995 1994
Net revenues $ 826,324 $ 553,515 Net income $ 244,825 $ 207,552 Average number of common and common equivalent shares outstanding 2,666,329 2,519,860 Net income per share: Primary and fully diluted Net income per share $.09 $.08 Consulier Engineering Inc.'s Common Stock trades on the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. under the 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 symbol CSLR CSLR Center for Spoken Language Research (University of Colorado at Boulder) CSLR Center for the Study of Law and Religion (Emory University School of Law; Atlanta, Georgia) . CONTACT: Consulier Engineering Inc., Tequesta Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs G. Weber Weber, river, United States Weber (wē`bər), river, c.125 mi (200 km) long, rising in the Uinta Mts., N central Utah, and flowing north and northwest to join the Ogden River at Ogden. The combined stream flows to the Great Salt Lake. , 407/745-9149 |
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