Printer Friendly

DAVIS WATER & WASTE REPORTS SECOND QUARTER, SIX MONTH RESULTS

 DAVIS WATER & WASTE REPORTS SECOND QUARTER, SIX MONTH RESULTS
 THOMASVILLE, Ga., Dec. 16 /PRNewswire/ -- Davis Water & Waste Industries, Inc. (NYSE: DWW) today reported results for the second quarter and six months ended Oct. 31, 1991.
 Second quarter net income was $73,183 or two cents per share on net sales of $49,226,821 compared to net income of $184,793 or six cents per share on net sales of $54,016,245 for the same period last year. Six month net loss was $258,729 or eight cents per share on sales of $95,089,020, compared to a net income of $350,317 or 11 cents per share on sales of $105,208,789 for the first half of the prior year.
 "Decreased sales for the quarter and six months were due primarily to the continuing nationwide slowdown in commercial and residential land development and construction. The company has downsized its operations in line with current market conditions, including closing three unprofitable distribution locations and reducing the employment level by 115 positions over the past 12 months, R. Doyle White, president stated.
 Davis Water & Waste Industries manufactures and markets products relating to the distribution of water and the treatment of water and wastewater. The company also designs, engineers, manufactures, sells and installs water and wastewater treatment systems and pumping equipment, and distributes certain process materials used to treat water and sewage to comply with applicable health and water quality standards. The company also markets products relating to the distribution of water and the treatment of water and sewage.
 DAVIS WATER & WASTE INDUSTRIES, INC.
 (Unaudited)
 Periods ended Three months Six months
 Oct. 31: 1991 1990 1991 1990
 Net sales $49,226,821 $54,016,245 $95,089,020 $105,208,789
 Net income (loss) 73,183 184,793 (258,729) 350,317
 Earnings (loss) per share $.02 $.06 ($.08) $.11
 Average no. of shares
 outstanding 3,267,806 3,270,191 3,267,202 3,264,448
 -0- 12/16/91
 /CONTACT: Stan White of Davis Water & Waste Industries, 912-226-5733/
 (DWW) CO: Davis Water & Waste Industries, Inc. ST: Georgia IN: SU: ERN


SM-TS -- NY027 -- 2468 12/16/91 11:26 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 16, 1991
Words:362
Previous Article:NATIONAL TECHTEAM, INC. ANNOUNCES BUSINESS RELATIONSHIP WITH BLUE CROSS AND BLUE SHIELD OF MICHIGAN
Next Article:HANSON ANNOUNCES WARRANTS PROPOSAL
Topics:


Related Articles
DAVIS WATER & WASTE REPORTS THIRD QUARTER/NINE MONTH RESULTS
DAVIS WATER & WASTE REPORTS FIRST QUARTER RESULTS; EXPECTS PROFITABLE FISCAL 1993
DAVIS WATER & WASTE REPORTS THIRD QUARTER/NINE-MONTH RESULTS
DAVIS WATER & WASTE REPORTS FOURTH QUARTER/YEAR END RESULTS
KAISER RESOURCES INC. REPORTS INCREASED SECOND QUARTER EARNINGS
DAVIS WATER & WASTE REPORTS FOURTH QUARTER, YEAR END RESULTS; DECLARES 14-CENT SEMIANNUAL DIVIDEND
DAVIS WATER & WASTE REPORTS RECORD FIRST QUARTER RESULTS; EXPECTS RECORD SALES AND EARNINGS FOR FISCAL 1996
DAVIS WATER & WASTE REPORTS 3RD QUARTER/9 MONTHS RESULTS; INCOME FOR PERIODS REACH RECORD LEVELS; EXPECT RECORD FISCAL 1996
DAVIS WATER & WASTE RESUMES REGULAR QUARTERLY CASH DIVIDENDS, ANNUALIZED PAYOUT INCREASED 33%
United States Filter Corporation Reports Record Second Quarter Earnings of $.20 vs. $.15 Per Share Before Nonrecurring Merger Expenses

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