Printer Friendly


 CHARLOTTE, N.C., Nov. 9 /PRNewswire/ -- CCX, Inc. (NYSE: CCX) announced its results of operations for its fiscal year ended June 30, 1993.


For the years ended June 30, 1993 and 1992 (dollars in thousands except per share data)
 1993 1992
 Continuing operations:
 Net Sales $60,435 $56,668
 Operating income 104 1,528
 Interest expense (3,082) (3,467)
 Other Income 195 848
 Loss from continuing operations (2,783) (1,091)
 Income from discontinued operations 482 450
 Net loss $(2,301) $(641)
 Net income (loss) per share
 Continuing operations (0.74) (0.31)
 Discontinued operations 0.12 0.11
 $(0.62) $(0.20)
 CCX, Inc., has operations at Hanover, Penn. and Walterboro, S.C., that are engaged in the manufacture and sales of metal and fiberglass mesh used in insect screening and filtration applications as well as fiberglass woven and non-woven tapes used in roofing, wallboard and concrete reinforcement building products. It also manufactures and sells fiberglass mesh used in the growing market for exterior insulation facing systems that utilize an acrylic polymer replacement of stucco. The Company markets its products utilizing a comprehensive network of agents and direct sales personnel through hardware stores, home centers, pool and patio distributors, OEM window and door manufacturers, and direct OEM accounts. The Company has also developed a line of ultra-fine wire drawn aluminum products sold directly to filter, coaxial TV cable and marine cable producers. The Company's CCX Screening and Fiberglass Products Division ranks as one of the three largest U.S. producers in its industry and competes in domestic and international markets. The Company also has a discontinued operation in Lower Burrell, Penn. at its Braeburn Steel Division that provides specialty steel tolling conversion services for customers lacking die-forging and rolling mill capacity. The Company is traded on the New York and Pacific Coast Stock Exchange (Symbol-CCX).
 -0- 11/9/93
 /CONTACT: Nancy F. Sedan, CCX, 704-365-0560/

CO: CCX, Inc. ST: North Carolina IN: CST SU: ERN

MM-JM -- CH007 -- 2326 11/09/93 14:02 EST
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:Nov 9, 1993

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