Crown Andersen Inc. Announces Results for Second Quarter of Fiscal 2001.Business Editors ATLANTA--(BUSINESS WIRE)--May 22, 2001 Crown Andersen 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 : CRAN n. 1. A measure for fresh herrings, - as many as will fill a barrel. Cran a measure of fish, about 750 herrings, 1797. Noun 1. ) the Peachtree Peachtree can be several things:
v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: results for the first six months and the second quarter of fiscal 2001 (ended March 31, 2001). For the first six months of fiscal 2001, the Company reported consolidated net income of $327,752 or $0.18 per share (basic) and $0.17 per share (diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. ) on revenues of $14,429,338. By comparison, the Company reported net income of $212,117 or $0.12 per share (basic) and $0.11 per share (diluted) on revenues of $10,595,827 for the first six months of fiscal 2000. For the second quarter ended March 31, 2001, the Company reported consolidated net income of $163,957 or $0.09 per share (basic) and $0.08 per share (diluted) on revenues of $6,648,067. For the comparable period of fiscal 2000, consolidated net income was $163,698 or $0.09 per share (basic) and $0.08 per share (diluted) on revenues of $5,193,642. Foreign sales (including export sales by Andersen and sales by Montair) accounted for 18.0% and 26.5% for the six month periods of fiscal 2001 and 2000, respectively. Revenues and earnings from all of the Crown Andersen subsidiaries increased from the comparable fiscal 2000 period. For a comparison of current results with prior periods, see the table below:
SIX MONTHS ENDED THREE MONTHS ENDED
MARCH 31, MARCH 31,
2001 2000 2001 2000
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REVENUES $14,429,338 $10,595,827 $ 6,648,067 $ 5,193,642
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Income before taxes 520,552 353,417 256,357 278,698
Income taxes 192,800 141,300 92,400 115,000
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NET INCOME $ 327,752 $ 212,117 $ 163,957 $ 163,698
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Average shares outstanding:
Basic 1,839,225 1,835,526 1,839,429 1,837,819
Diluted 1,978,019 1,955,447 1,978,223 1,957,740
EARNINGS PER SHARE:
Basic $ 0.18 $ 0.12 $ 0.09 $ 0.09
Diluted $ 0.17 $ 0.11 $ 0.08 $ 0.08
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Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains certain forward-looking statements. The Company's results may differ materially from those in the forward-looking statements. Forward-looking statements are based on management's current views and assumptions, and involve risks and uncertainties that significantly affect expected results. For example, operating results may be affected by several external factors. Such factors include, but are not limited to, change in the regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. environment, general conditions in the environmental industry, the Company's competitive position, and economic conditions in international markets. |
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