CADE INDUSTRIES, INC. REPORTS SALES AND EARNINGS FOR QUARTER AND YEAR ENDED DEC. 31, 1991
CADE INDUSTRIES, INC. REPORTS SALES AND EARNINGS
FOR QUARTER AND YEAR ENDED DEC. 31, 1991
LANSING, Mich., Feb. 20 /PRNewswire/ -- Richard A. Lund, president of Cade Industries (NASDAQ-NMS: CADE), announced increased sales and earnings for the year ended Dec. 31, 1991. Cade plays a worldwide role in design, development, and manufacture of high technology composite components for the aerospace and aircraft industries.
In highlighting the report, Lund commented that "this year's earnings increase represents the third consecutive year of improved earnings. We remain optimistic about our continued earnings growth in 1992 in spite of today's economic uncertainties."
-- Fourth-quarter net earnings of $644,000 or $.04 per share vs. $470,000 or $.03 per share for 1991 and 1990, respectively, an increase of 37.0 percent.
-- Sales for the fourth quarter of $7,436,000 vs. $6,313,000 for
1991 and 1990, respectively, an increase of 17.8 D@A RHADEA B
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