Printer Friendly

KYSOR'S OPERATING PROSPECTS REMAIN STRONG

 CADILLAC, Mich., April 8 /PRNewswire/ -- George R. Kempton, chairman of the board and chief executive officer of Kysor Industrial Corporation (NYSE: KZ), responding to questions relating to the fluctuation in Kysor Industrial Corporation's common stock price, indicated that the company is not aware of any corporate developments or material events influencing the recent decline in the stock price.
 Since reporting record fourth-quarter operating profits on Feb. 11, 1993, Kysor's backlogs continue to grow and the company expects to report first-quarter operating results within the next two weeks which will be significantly higher than a year ago.
 As previously reported in the 1992 Annual Report to Shareholders, Kysor has elected to adopt the new accounting standard covering postretirement health care benefits in the 1993 first quarter. Adoption of Financial Accounting Standard No. 106 will not have any impact on cash reserves, debt covenants or dividends.
 Kysor continues to believe its earnings potential is excellent and the company reaffirms its commitment to create increased value for shareholders.
 Kysor Industrial Corporation is a quality producer of refrigeration systems for the supermarket industry and heavy-duty vehicle and marine components serving the transportation industries. The company has manufacturing operations in six states as well as Great Britain and Germany.
 -0- 4/8/93
 /CONTACT: Terry M. Murphy, vice president and chief financial officer, or Richard G. De Boer, treasurer, Kysor Industrial Corporation, 616-779-2200/
 (KZ)


CO: Kysor Industrial Corporation ST: Michigan IN: SU: ERP

DH -- DE012 -- 4111 04/08/93 09:32 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 8, 1993
Words:247
Previous Article:2,122,000 NFO RESEARCH, INC. INITIAL COMMON SHARES OFFERED AT $15 PER SHARE
Next Article:HERITAGE FINANCIAL SERVICES FIRST QUARTER EARNINGS UP 8 PERCENT
Topics:


Related Articles
KYSOR INDUSTRIAL CORPORATION ANNOUNCES STRONG EARNINGS GROWTH AND INCREASED SALES
KYSOR INDUSTRIAL CORPORATION ANNOUNCES FOURTH-QUARTER AND YEAR-END 1992 RESULTS, RECORD FOURTH-QUARTER OPERATING PROFITS
KYSOR ANNOUNCES CONTINUED EARNINGS IMPROVEMENT FOR SECOND QUARTER
KYSOR INDUSTRIAL CORPORATION REPORTS THIRD QUARTER AND NINE-MONTH EARNINGS CONTINUE STRONG
KYSOR INDUSTRIAL CORPORATION ANNOUNCES STRONG FOURTH QUARTER AND YEAR-END 1993 RESULTS
KYSOR REPORTS CONTINUED IMPROVED EARNINGS FOR THIRD QUARTER AND NINE-MONTH PERIOD
KYSOR INDUSTRIAL CORPORATION EXPECTS TO REPORT 1994 EARNINGS INCREASE OF AT LEAST 20%
KYSOR'S STRONG PERFORMANCE CONTINUES
KYSOR'S OUTSTANDING PERFORMANCE CONTINUES
KYSOR REPORTS RECORD SECOND QUARTER SALES AND EARNINGS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters