Fountain Powerboats reports no hurricane damage, expects strong first quarter earnings.WASHINGTON, N.C.--(BUSINESS WIRE)--Sept. 17, 1996--Mr. R.M. Fountain, Jr., Chairman and Chief Executive Officer of Fountain Powerboat Industries, 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 : FPWR FPWR Fire Precautions (Workplace) Regulations 1997 (UK) ) reported today that the company sustained no damage from Hurricane Fran This article is about the Atlantic hurricane of 1996; for other storms of the same name, see Tropical Storm Fran (disambiguation). Hurricane Fran was a powerful Cape Verde-type hurricane of the 1996 Atlantic hurricane season that made landfall near Cape Fear in North Carolina at which recently caused extensive damage in 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. . Mr. Fountain said that there was no property damage and no loss of production from the hurricane. Mr. Fountain also commented on the company's record sales order The sales order, sometimes abbreviated as SO, is an order received by a business from a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways. backlog, which is now approximately 250 boats or $25 million. This represents nearly six months production capacity. Mr. Fountain said that the company is adding to its production capacity by adding more personnel, plant and equipment. He predicted that the company would again have another record year in Fiscal 1997. Record earnings were posted for Fiscal 1995 at $2.0 million and again for Fiscal 1996 at $3.7 million. Earnings for the first quarter ended Sept. 30, 1996, are expected to exceed earnings for the first quarter a year ago. Fountain Powerboats Inc. is a NASDAQ National Market listed company. It manufactures high performance offshore sport boats, sport cruisers, sport yachts, sport fishing boats, and racing boats in its efficient, modern plant located on the Pamlico River. Fountain boats are known internationally for their speed, style, safety, and outstanding quality. CONTACT: Fountain Powerboat Industries Inc., Washington Carol J. Price, 919/975-2000 |
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