Printer Friendly

FARREL CORPORATION REPORTS SECOND QUARTER RESULTS

 ANSONIA, Conn., May 19 /PRNewswire/ -- Farrel Corporation (NASDAQ: FARL) today reported a net loss of $.3 million for the quarter ended April 4, 1993, equivalent to $0.05 net loss per share, on sales revenue of $15.5 million. This compares with net loss of $.3 million or $0.06 net loss per share on net sales of $19.1 million reported for the quarter a year ago.
 At April 4, 1993, firm order backlog was $39.5 million compared to $46.5 million at the end of the quarter last year and $32 million at Dec. 31, 1992.
 The first quarter had an operating loss of $.4 million, down from $.9 million in the quarter a year ago. The improvement is the result of recent restructuring action.
 FARREL CORPORATION
 Financial Highlights
 Three months ended 4/4/93 3/29/92
 Net sales $15,493,000 $19,139,000
 Net loss $ (306,000) $ (330,000)
 Net loss per share $(0.05) $(0.06)
 -0- 5/19/93
 /CONTACT: Joseph R. Carvalko Jr. of Farrel, 203-736-5514/
 (FARL)


CO: Farrel Corporation ST: Connecticut IN: SU: ERN

GK-OS -- NY083 -- 0395 05/19/93 15:16 EDT
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:May 19, 1993
Words:193
Previous Article:HOECHST CELANESE REPORTS RESULTS
Next Article:GOODY PRODUCTS ELECTS FIVE DIRECTORS AT ANNUAL MEETING


Related Articles
FARREL CORPORATION ANNOUNCES FIRST QUARTER RESULTS
FARREL CORPORATION REPORTS SECOND QUARTER EARNINGS
/C O R R E C T I O N -- FARREL REPORTS FIRST QUARTER RESULTS/
FARREL CORPORATION REPORTS THIRD QUARTER RESULTS
FARREL REPORTS FIRST QUARTER RESULTS
FARREL REPORTS INCREASING ORDER BACKLOG AND SECOND QUARTER RESULTS
Farrel Reports Second Quarter Results
Farrel Announces First Quarter Results.

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