Printer Friendly

MARLTON TECHNOLOGIES ANNOUNCES FIRST QUARTER 1993 EARNINGS

 PHILADELPHIA, May 17 /PRNewswire/ -- Marlton Technologies, Inc. (AMEX: MTY) today reported its highest first quarter revenues since the acquisition of Sparks Exhibits in August 1990 when it became exclusively engaged in the design and fabrication of trade show exhibits, architectural and museum interiors and special exhibit projects.
 Net sales for the first quarter 1993 were $5,738,472 as compared to first quarter 1992 net sales of $4,787,376, a 20 percent increase. Net income for the first quarter of 1993 was $1,592,575 (after incorporating a 1992 and prior benefit of $1,454,000 for the effect of the required adoption of new accounting standards for income taxes) or $.40 per share as compared to first quarter 1992 net income of $227,866 or $.07 per share.
 MARLTON TECHNOLOGIES, INC.
 Consolidated Statement of Operations
 (Unaudited)
 Three months ended March 31 1993(A) 1992
 Net sales $5,738,472 $4,787,376
 Operating profit 143,806 228,864
 Other income 9,769 20,002
 Pre-tax income 153,575 248,866
 Income tax (provision) (61,000) (105,000)
 Cumulative effect of accounting
 change for income taxes 1,500,000 ---
 Extraordinary credit attributed
 to net operating loss carryforwards --- 84,000
 Net income 1,592,575 227,866
 Income per share $.40 $.07
 Weighted average number
 of common shares 3,997,340(B) 3,338,263
 (A) 1993 includes a 1992 and prior benefit of $1,454,000 for the effect of the required adoption of new accounting standards for income taxes.
 (B) The 1993 increase stems from third quarter 1992 issuance of 173,000 shares of common stock plus the dilutive effect from 486,000 options at March 31, 1993.
 /delval/
 -0- 5/17/93
 /CONTACT: Alan I. Goldberg, director of acquisitions of Marlton Technologies, 215-664-6900/
 (MTY)


CO: Marlton Technologies, Inc. ST: Pennsylvania IN: SU: ERN

MK-MM -- PH004 -- 9050 05/17/93 09:42 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:May 17, 1993
Words:315
Previous Article:ALAMCO STOCKHOLDERS RE-ELECT BOARD MEMBERS
Next Article:HARLEYSVILLE NATIONAL CORP. DECLARES CASH DIVIDEND
Topics:


Related Articles
MARLTON TECHNOLOGIES ANNOUNCES FIRST QUARTER 1992 EARNINGS
MARLTON TECHNOLOGIES ANNOUNCES 30% INCREASE IN SALES WITH SIGNIFICANT INCREASES IN OPERATING PROFIT AND EARNINGS PER SHARE IN THE SECOND QUARTER OF...
MARLTON TECHNOLOGIES ANNOUNCES 30% INCREASE IN SALES WITH SIGNIFICANT INCREASES IN OPERATING PROFIT AND EARNINGS PER SHARE IN THE SECOND QUARTER OF...
MARLTON TECHNOLOGIES ANNOUNCES 34% INCREASE IN SALES WITH SIGNIFICANT INCREASES IN OPERATING PROFITS AND EARNINGS PER SHARE IN THE THIRD QUARTER OF...
MARLTON TECHNOLOGIES ANNOUNCES RECORD FIRST QUARTER AND JAPANESE JOINT VENTURE
MARLTON TECHNOLOGIES ANNOUNCES 28% INCREASE IN SALES, WITH 60% INCREASE IN OPERATING PROFITS
Marlton Technologies Announces 1996 Revenue Increase 38% And 1996 Pre-Tax Operating Profits Increase 82%
Marlton Technologies Announces 1st Quarter Revenue Increase of 38% and Operating Profit Increase of 55%
Marlton Technologies Announces 2nd Quarter and Six Months Earnings Per Share Increases of 40 Percent
Marlton Technologies Announces Substantial 2nd Quarter 1998 Revenue Increase, Resulting in a Doubling of Operating Profits

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