Cubic Corp. reports increase in second- quarter sales, earnings.SAN DIEGO--(BUSINESS WIRE)--April 30, 1996--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. ) Tuesday Tuesday: see week. reported increased sales and earnings for the second quarter of fiscal 1996. Earnings increased for the fourth consecutive quarter. Sales for the quarter ended March 31, 1996, were $110,870,000 with net income of $2,486,000, or 42 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. . That compares with a net income of $374,000, or 6 cents per share, for the same quarter last year on sales on $91,968,000. The San Diego-based company, whose primary business segments include defense electronics and automatic revenue collection, reported sales of $204,834,000 for the first six months of the fiscal year compared with $161,575,000 for the same period a year ago. Net income for the first six months of fiscal 1996 was $4,652,000, or 78 cents per share, compared with $2,232,000, or 37 cents per share, for the same period a year ago. Cubic Automatic Revenue Collection Group designs and manufactures automatic revenue collection systems throughout the world for public mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a . The Cubic Defense Group produces instrumented air and ground training systems for both the U.S. and allied military forces, as well as avionics avionics (ā'vēŏn`ĭks), electronic instruments used in air or space flight; also the design and production of such instruments. Early planes had few instruments, but as aviation and aircraft became more complex, so did instrumentation. , data links and aerospace systems. -0-
Cubic Corp.
Six Months Ended March 31,
1996 1995
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Sales $204,834,000 $161,575,000 Net income $ 4,652,000 $ 2,232,000 Net income per share $ 0.78 $ 0.37 Average shares of common stock outstanding 5,987,000 5,987,000
Second Quarter
1996 1995
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Sales $110,870,000 $ 91,968,000 Net income $ 2,486,000 $ 374,000 Net income per share $ 0.42 $ 0.06 Average shares of common stock outstanding 5,987,000 5,987,000 CONTACT: Cubic Corp., 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. Gerry Ger·ry , Elbridge 1744-1814. American politician. A signer of the Declaration of Independence (1776) and a delegate to the Continental Congress (1787), he served as governor of Massachusetts (1810-1811) and as Vice President of the United States Reeves, 619/277-6780 (office) 619/447-2582 (pager) |
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