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CENTERCORE REPORTS IMPROVED 1992 OPERATING RESULTS

 WAYNE, Pa., Feb. 10 /PRNewswire/ -- CenterCore, Inc. (NASDAQ: CCOR), an interior environments company that designs and manufactures office furnishings and air filtration systems, today announced operating results for the quarter and year ended Dec. 31, 1992.
 For the year ended Dec. 31, 1992, CenterCore had net sales of $45,638,800 compared to $41,915,800 for the same period in 1991. Earnings from continuing operations were $456,800 or $.04 a share in 1992 compared to $282,000 or $.03 a share in 1991. Net earnings were $988,800 or $.09 a share in 1992.
 Net sales for the fourth quarter of 1992 were $13,746,700, compared to $14,714,200 recorded for the comparable period in 1991. The company reported net earnings for the fourth quarter of $177,900 or $.02 a share, compared to net earnings of $566,100 or $.05 a share in 1991.
 The unusually high level of government spending in the fourth quarter 1991 accounted for the higher sales in that period compared to 1992. Fourth quarter 1992 earnings were impacted by weak sales in the United Kingdom. Proposals are at high levels but market conditions in the United Kingdom reflect the postponement of projects across the board, according to George E. Mitchell, CenterCore's chief executive officer.
 For the year, Mitchell noted that the company did well in the face of a depressed commercial real estate market. "Sales were up for the year due to higher domestic furniture sales and a record performance from our Corel seating subsidiary, which has been an earnings generator since we acquired it in 1989," Mitchell said.
 Earnings also improved, Mitchell said, due to increased overall sales and as a result of the lower operating losses of CenterCore's Canadian operations.
 In 1992, CenterCore completed several significant steps designed to strengthen its position as an innovator of products that improve work place health and productivity. In October the formation of a CenterCore air technology division to support the growth of the company's air filtration product line was announced. CenterCore is the country's sole patent-holder of a furniture-based air filtration system that incorporates a clean air technology HEPA (High Efficiency Particulate Air) filter, which is 99.97 percent effective in removing airborne particulates and contaminants associated with Sick Building Syndrome.
 In February 1993, the company acquired Airo Clean Engineering, Inc., a privately held company based in Exton, Pa., that designs, manufactures, installs, and certifies cleanroom and air filtration components and systems. Airo Clean, which helped design CenterCore's air filtration system, will operate as a wholly owned subsidiary of
CenterCore. Airo Clean will continue to address existing industrial clean air applications while supporting CenterCore's expansion into the indoor air quality arena.
 In addition, Airo Clean will continue to respond to hospitals' and health care facilities' growing need for bacteria-free environments, which has been heightened by the widespread growth of the Human Immunodeficiency Virus (HIV) and the resurgence of tuberculosis infections.
 CenterCore, Inc., designs and manufactures office furnishings, ergonomically designed workstations and seating systems and air filtration systems for the office and health care markets. Founded in 1984, CenterCore is based in Wayne and has manufacturing facilities in Plainfield, N.J.; Mansfield, Ohio; Exton; and Waterloo, Ontario, Canada. CenterCore products are represented by a network of dealers throughout the United States, Canada, Europe and Asia.
 CENTERCORE, INC.
 Comparative Financial Data
 Three months ended Dec. 31 1992 1991
 Net Sales $13,746,700 $14,714,200
 Earnings:
 Continuing Operations 177,900 566,100
 Discontinued Operations --- ---
 Net Earnings 177,900 566,100
 Earnings Per Share:
 Continuing Operations $.02 $.05
 Discontinued Operations --- ---
 Net Earnings .02 .05
 Weighted Average Shares Outstanding 10,417,000 10,765,000
 Twelve months ended Dec. 31 1992 1991
 Net Sales $45,638,800 $41,915,800
 Earnings:
 Continuing Operations 456,800 282,000
 Discontinued Operations 532,000 ---
 Net Earnings 988,800 282,000
 Earnings Per Share:
 Continuing Operations $.04 $.03
 Discontinued Operations .05 ---
 Net Earnings .09 .03
 Weighted Average Shares Outstanding 10,664,000 10,765,000
 Earnings per share calculations are based on the weighted average number of shares outstanding in each period. Therefore, the sum of the quarters does not necessarily equal the year to date earnings per share.
 /delval/
 -0- 2/10/93
 /CONTACT: Frederick B. Franks III, vice president of CenterCore, 215-975-9099/
 (CCOR)


CO: CenterCore, Inc. ST: Pennsylvania IN: SU: ERN

CC-MP -- PH020 -- 5184 02/10/93 12:56 EST
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Date:Feb 10, 1993
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