HACH COMPANY TODAY ANNOUNCED FINANCIAL RESULTS
HACH COMPANY TODAY ANNOUNCED FINANCIAL RESULTS LOVELAND, Colo., Feb. 21 /PRNewswire/ -- Hach Company (OTC) today
announced its unaudited financial results for the third quarter and nine months ended Feb. 1, 1992.
Net sales for the third quarter were $20,203,000, a 17 percent increase over net sales of $17,225,000 for the third quarter of the prior fiscal year. Net income of $1,770,000 was 27 percent greater than net income of $1,395,000 for the third quarter of fiscal 1991. Net income per share was 29 cents for the third quarter ended Feb. 1, 1992 versus 23 cents for the same period of the prior year fiscal year. Net sales for the nine months ended Feb. 1, 1992 were $61,871,000, 20 percent greater than net sales of $51,633,000 for the first nine months of the prior fiscal year. Net income of $5,400,000 for the first nine months was 29 percent greater than net income of $4,198,000 for the nine months period of the prior fiscal year. On a per share basis, net income was 89 cents for the current fiscal year versus 70 cents for the prior fiscal year. HACH COMPANY Quarter Ended Nine Months Ended 2/1/92 1/26/91 2/1/92 1/26/91 Net sales $20,203,000 $17,225,000 $61,871,000 $51,633,000 Net income 1,770,000 1,395,000 5,400,000 4,198,000 Net income per share (A) $.29 $.23 $.89 $.70 (A) Adjusted to reflect 5-for-4 stock split in April 1991. -0- 2/21/92 /CONTACT: Gary R. Dreher, vice president and treasurer of Hach Company, 303-669-3050, ext. 2241./ CO: Hach Company ST: Colorado IN: SU: ERN SM -- NY032 -- 1387 02/21/92 12:33 EST
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|Date:||Feb 21, 1992|
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