Cubic Corp. announces financial results.SAN DIEGO--(BUSINESS WIRE)--Aug. 10, 1995--San Diego-based Cubic Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CUB cub the newborn of a number of animal species as diverse as lion, fox and bear. ), a high-technology company serving the public transit, highway toll system and defense markets, reported improved earnings and sales for the first nine months of fiscal 1995, with a strong backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. as of June June: see month. 30. The announcement was made Thursday Thursday: see week. in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. by the firm's chief executive officer, Walter J. Zable. Sales for the initial nine months were $255,970,000, up from $182,360,000 reported for the like period one year ago. Income from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the for the nine months ended June 30, 1995, was $3,420,000, equal to 57 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. of common stock, up from $1,328,000, or 22 cents per share, earned in the comparable period in fiscal 1994. The backlog of unfilled orders as of June 30, 1995, was $432 million, compared with $421 million at June 30 of the prior year. For the third quarter of fiscal 1995 ending June 30, the company had sales of $94,395,000, up from $74,486,000 reported in the like period in 1994. Net income for the third quarter was $1,188,000, equal to 20 cents per share of common stock, up from $942,000, or 16 cents per share, for the like period one year ago. -0-
CUBIC CORP.
Financial Results
(Amounts in thousands, except per-share data)
Nine months ending June 30,
1995 1994
Sales $ 255,970 $ 182,360 Net income from: Continuing operations 3,420 1,328 Discontinued operations -- (153) Accounting change -- 1,379 Net income $ 3,420 $ 2,554 Net income per share from: Continuing operations 57 cents 22 cents Discontinued operations -- (3 cents) Effect of accounting change -- 23 cents
57 cents 42 cents
Average shares outstanding 5,987 6,035 Backlog $ 431,900 $ 421,200 -0-
Three months ended June 30,
1995 1994
Sales $ 94,395 $ 74,486 Net income $ 1,188 $ 942 Net income per share 20 cents 16 cents CONTACT: Cubic Corp., San Diego Gerry Reeves, 619/277-6780 |
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