Genlyte announces higher third quarter 1995 earnings.SECAUCUS, N.J.--(BUSINESS WIRE)--Oct. 26, 1995--The Genlyte Group This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. 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 :GLYT) today announced continued improvement in its operating results, earning 17 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. for the third quarter and 45 cents per share year-to-date as compared to 12 cents and 34 cents, respectively, in 1994. Compared to the same quarter last year, sales increased 1 percent for the third quarter and net income increased 47.1 percent. Year-to-date, sales have increased 4.1 percent and net income has increased 32.1 percent over 1994. President and Chief Executive Officer, Larry Powers Larry Powers was a bodybuilder. He won Mr New York State in 1965. Mr Staten Island. Mr World's Fair. Mr America (Class A). Powers acted in films and television and did several commercials. He contracted Parkinson's disease. , said, "We are pleased with our results through the first nine months of this year and we expect our trend of improving earnings to continue through the end of 1995. In particular, all of our outdoor divisions (Hadco, Stonco and Wide-Lite) are performing extremely well. Our Canadian operations also continue to grow, despite some weakening weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. of the Canadian
economy."
The Genlyte Group Inc. is a leading manufacturer of lighting fixtures and controls for the commercial, residential, and industrial markets. Its products are sold under the brand names of Bronzelite, Crescent crescent, emblematic representation of the quarter moon. The crescent and star, ancient Byzantine symbols that became the emblems of Constantinople, were also assumed as the standard of the Ottoman Turks. , Diamond F, Exceline, Forecast, Hadco, Lightolier, Stonco, and Wide-Lite in the U.S., and Canadian Fluorescent fluorescent having the quality of fluorescence. fluorescent antibody see fluorescence microscopy. fluorescent antibody test see fluorescence microscopy. Industries, Keene-Widelite, Lightolier, Prodel and Stonco in Canada. -0-
The Genlyte Group Inc.
Consolidated Condensed Statement of Income
(Amounts in thousands except per share data)
For the For the
three months ended nine months ended
Sept. 30 Oct. 1 Sept. 30 Oct. 1
1995 1994 1995 1994
Net sales $112,908 $111,836 $334,113 $320,936 EBIT $ 5,772 $ 4,560 $ 16,188 $ 13,116 Income before taxes $ 3,794 $ 2,632 $ 9,994 $ 7,701 Net income $ 2,169 $ 1,475 $ 5,702 $ 4,317 E.P.S. (a) $ .17 $ .12 $ .45 $ .34 Average shares outstanding 12,831 12,752 12,793 12,741 (a) Primary and fully diluted CONTACT: The Genlyte Group Neil M. Bardach, 201/392-3734 |
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