Corporate Profile for Rock of Ages Corp., dated Feb. 19, 1999.--(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: Feb. 19, 1999
Company Name: Rock of Ages Corp.
Address: 369 North State St.
Concord, NH 03301
Main Telephone
Number: 603/225-8397
Internet Home
Page Address
(URL) www.rockofages.com
Chief Executive
Officer: Kurt M. Swenson
Chief Financial
Officer: George R. Anderson
Investor Relations
Contact: Nancy Mitchell
Business number: 603/225-8397
Public Relations
Contact: Neil G. Berkman Associates
Business number: 310/277-5162
Trading Symbol/
Exchange: Nasdaq:ROAC
Industry: Fully integrated retailer of granite and other
memorials; granite quarrier and manufacturer.
Market Makers: Gruntal & Co., Glaser Capital, Raymond James &
Associates.
Company description: Rock of Ages Corp. is the largest fully integrated retailer, quarrier and manufacturer of granite memorials in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . As of Dec. 31, 1998, it owned 57 retail sales outlets in 11 states, quarries in Vermont, Quebec, Pennsylvania, Georgia, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and Oklahoma, and manufacturing facilities in Quebec, Vermont, Pennsylvania and Georgia. Its growth strategy is to aggressively acquire retailers of memorials in various regions of the country and further expand its quarrying and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . For the year ended Dec. 31, 1998, revenues increased 53% to $82.7 million from $54.2 million in 1997, net income after tax increased 177% to $7.2 million from $2.6 million in 1997, and fully diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of increased 72% to 91 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. from 53 cents per share in 1997. Fully diluted average weighted shares outstanding at Dec. 31, 1998 increased to approximately 8 million from approximately 5 million reflecting the company's initial public offering in October of 1997. Rock of Ages branded granite memorial products are led by its Rock of Ages Sealmark line, trademarked in 1913, which is warranted to the consumer, the consumer's heirs, and the cemetery in perpetuity Of endless duration; not subject to termination. The phrase in perpetuity is often used in the grant of an Easement to a utility company. in perpetuity adj. forever, as in one's right to keep the profits from the land in perpetuity. against any defects in materials or workmanship. |
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