Corporate Profile for O.I. Corporation, dated October 9, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: October 9, 1998
Company Name: O.I. Corporation
Address: P.O. Box 9010
College Station, Texas 77842-9010
Main Telephone:
Number: 409/690-1711
Internet Home
Page Address
(URL) www.oico.com
Chief Executive
Officer: William W. Botts
Chief Financial
Officer: Julie A. Wright
Investor Relations
Contact: Jane Smith or W.W. Botts
Business number: 409/690-1711
Public Relations
Contact: W.W. Botts or Jane Smith
Business number: 409/690-1711
Trading Symbol/
Exchange: Nasdaq:OICO
Industry: Environmental testing (water, air and soil)
Company description: O.I. Corporation, d.b.a. OI Analytical, trades on 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 National Market System under the symbol OICO OICO OI Corporation (stock symbol) . The company designs, manufactures, markets, and services products to prepare samples for analysis and to detect, measure, analyze and monitor chemical compounds. The company's products are used for environmental testing, ultra-pure water analysis, cyanide cyanide (sī`ənīd'), chemical compound containing the cyano group, -CN. Cyanides are salts or esters of hydrogen cyanide (hydrocyanic acid, HCN) formed by replacing the hydrogen with a metal (e.g., sodium or potassium) or a radical (e.g. analysis in the metals industry, and chemical warfare chemical warfare, employment in war of incendiaries, poison gases, and other chemical substances. Ancient armies attacking or defending fortified cities threw burning oil and fireballs. A primitive type of flamethrower was employed as early as the 5th cent. B.C. agent detection and monitoring. The company's products are sold worldwide by direct sales, manufacturers' representatives Manufacturers representatives (reps), also known as sales agents, are independently owned and managed sales companies that are an alternative to hiring a direct sales force. and distributors. The company's vision is to become a leading supplier of analytical instruments used for chemical analysis. O.I. Corporation has made four acquisitions since 1994 and is seeking more acquisitions that fit with its existing business. From 1996 to June 30, 1998, O.I. Corporation repurchased 771,303 shares of its common stock under authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. programs and as of June 30, 1998, had 3,549,013 shares outstanding. On July 1, 1998 the company announced its Board of Directors approved the purchase of up to 350,000 shares, or approximately 10%, of its common stock. Through the second quarter ending June 30, 1998, sales were up 5% to $11,577,000; net income was up 30% to $893,000, and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. was up 35% to $0.23 per share diluted, compared to the same period of the prior year. O.I. Corporation had no debt as of June 30, 1998. Founded in 1963, O.I. Corporation's shares began trading over the counter in the early 1970s and began trading on the NASDAQ National Market System in 1989. |
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