Printer Friendly

CCX ANNOUNCES RESULTS

 CHARLOTTE, N.C., Nov. 16 /PRNewswire/ -- On Nov. 16, 1993, CCX, Inc. (NYSE: CCX) announced its results of operations for the three months ended Sept. 30, 1993.
 CCX, Inc.
 FINANCIAL HIGHLIGHTS
 For the three months ended Sept. 30, 1993 and 1992
 (dollars in thousands except per share data)
 1993 1992
 Continuing operations:
 Net sales $13,863 $14,649
 Operating income 539 173
 Interest expense (771) (740)
 Other income 40 75
 Loss from continuing operations (192) (492)
 Income from discontinued operations 181 195
 Net loss $(11) $(297)
 Net income (loss) per share
 Continuing operations (0.06) (0.13)
 Discontinued operations 0.05 0.05
 $(0.01) $(0.08)
 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- 11/16/93
 /CONTACT: Nancy F. Sedan of CCX, 704-365-0560/
 (CCX)


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

CM -- CH008 -- 4968 11/16/93 10:14 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 16, 1993
Words:341
Previous Article:SAVANNAH ELECTRIC AND POWER CLOSES SALE OF PREFERRED STOCK
Next Article:MCORP REPORTS THIRD QUARTER FINANCIAL RESULTS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters