Printer Friendly

HOWARD B. WOLF, INC. ANNOUNCES RESULTS

 HOWARD B. WOLF, INC. ANNOUNCES RESULTS
 DALLAS, Sept. 15 /PRNewswire/ -- Howard B. Wolf, Inc. (AMEX: HBW),


Dallas based women's fashion manufacturer reported results for the first quarter ended Aug. 31, 1992 reflecting net sales of $3,066,410 and net income of $166,235, or $.16 per share. Comparative results for the first quarter ended Aug. 31, 1991 were net sales of $2,660,397 and net income of $89,144, or $.08 per share. (1991 net income has been restated to reflect the cumulative effect of the adoption of FASB 109, Accounting for Income Taxes, which decreased net income $33,000, or $.03 per share.)
 The board of directors increased the quarterly dividend from $.05 to $.06 per share, payable Oct. 29, 1992 to shareholders of record on Oct. 6, 1992.
 Three Months Ended
 Aug. 31
 1992 1991
 (as restated)
 Net sales $3,066,410 $2,660,397
 Income before federal
 income tax $ 253,582 $ 176,144
 Net income $ 166,235 $ 89,144
 Net income per share $.16 $.08
 Average number of shares
 outstanding 1,056,191 1,056,191
 -0- 9/15/92
 /CONTACT: Eugene K. Friesen of Howard B. Wolf, Inc., 214-823-9941/
 (HBW) CO: Howard B. Wolf, Inc. ST: Texas IN: REA SU: ERN


AH -- NY050 -- 9648 09/15/92 12:58 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 15, 1992
Words:216
Previous Article:TELLUS INDUSTRIES COMPLETES CONTRACT WITH ENVIROPUR WASTE
Next Article:GAS PRICE UP .9 CENT IN ONE WEEK, AAA REPORTS
Topics:


Related Articles
HOWARD B. WOLF, INC. ANNOUNCES THIRD QUARTER RESULTS
HOWARD B. WOLF, INC. REPORTS FINANCIAL RESULTS
HOWARD B. WOLF, INC. ANNOUNCES FINANCIAL RESULTS
HOWARD B. WOLF, INC. ANNOUNCES RESULTS
HOWARD B. WOLF, INC. ANNOUNCES RESULTS
HOWARD B. WOLF, INC. REPORTS RESULTS
HOWARD B. WOLF, INC. ANNOUNCES RESULTS
Howard B. Wolf, Inc. Announces First Quarter Results
Howard B. Wolf, Inc. Announces Results
Howard B. Wolf, Inc. Announces Results for First Quarter Ended August 31, 1998

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