Printer Friendly

AULT REPORTS PRELIMINARY FISCAL 1992 EARNINGS

 AULT REPORTS PRELIMINARY FISCAL 1992 EARNINGS
 MINNEAPOLIS, July 8 /PRNewswire/ -- Ault Incorporated


(NASDAQ: AULT) today announced that it anticipates earnings of $.30 to $.32 per share for the fiscal year ended May 31, compared to the net loss of $.15 per share in fiscal 1991.
 The company said net sales for fiscal 1992 should total approximately $23,000,000, up from $19,531,000 a year ago.
 Final audited results for fiscal 1992 will be released later in July.
 Frederick M. Green, Ault's president and chief executive officer, said the company's improved fiscal 1992 results are on plan and consistent with earlier public statements.
 He said the company's significant turnaround reflects continued demand for the new line of universal input switching power supplies, strengthened management, and the improved performance of the Ault Korea Corporation manufacturing subsidiary.
 Ault Incorporated is the nation's largest independent manufacturer of external power supplies and battery chargers for high-end applications in the communications, computer and medical markets. The company's common stock is traded on the national over- the-counter market under the NASDAQ symbol AULT.
 -0- 7/8/92
 /CONTACT: Carlos S. Montague of Ault, 612-493-1900/
 (AULT) CO: Ault Incorporated ST: Minnesota IN: SU: ERP


DS -- MN002 -- 7315 07/08/92 09:45 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 8, 1992
Words:207
Previous Article:CURTICE BURNS FOODS ANNOUNCES SALE OF BEVERAGE OPERATION TO COTT CORPORATION
Next Article:PACIFIC-EUROPEAN GROWTH FUND (PEF) BOARD OF DIRECTORS APPROVES FILING WITH SEC FOR CONVERSION FROM A CLOSED-END TO AN OPEN-END FUND
Topics:


Related Articles
AULT REPORTS SECOND QUARTER EARNINGS
VARLEN ISSUES CORRECTED YEAR-END NEWS RELEASE; VARLEN FOURTH QUARTER EARNINGS INCREASE OVER YEAR-AGO PERIOD
AULT REPORTS THIRD QUARTER EARNINGS
AULT REPORTS RECORD 1992 RESULTS
AULT REPORTS FIRST QUARTER EARNINGS
AULT REPORTS SECOND QUARTER EARNINGS
AULT REPORTS THIRD QUARTER RESULTS
AULT ANNOUNCES OVERHEAD REDUCTION
AULT REPORTS FIRST QUARTER RESULTS
AULT REPORTS STRONG SECOND QUARTER SALES AND EARNINGS

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