Printer Friendly

IMPERIAL INDUSTRIES ANNOUNCES RESULTS

 IMPERIAL INDUSTRIES ANNOUNCES RESULTS
 MIAMI, Nov. 13 /PRNewswire/ -- Imperial Industries, Inc. today


announced the results of operations for the quarter and nine months ended Sept. 30, 1992.
 Net sales for the three months ended Sept. 30, 1992 were $1,710,000, compared to $1,608,000 for last year. The company incurred a net loss applicable to common stockholders of $151,000, or $.03 per share, for the third quarter of 1992, compared to a loss of $227,000, or $.05 per share, in 1991.
 For the nine months ended Sept. 30, 1992, the company incurred a net loss applicable to common stockholders of $299,000, or $.06 per share, on sales of $5,031,000, compared to a loss of $551,000, or $.11 per share, on sales of $5,088,000 for the same period last year.
 Imperial Industries, Inc., a building products company, operates in the state of Florida and Georgia through its subsidiaries, Premix- Marbletite Manufacturing Co. and Acrocrete, Inc., companies engaged in the manufacture and distribution of stucco and plaster products to building materials dealers.
 IMPERIAL INDUSTRIES, INC. AND SUBSIDIARIES
 Financial Highlights
 (unaudited)
 Nine Months Ended Three Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Net sales $5,031,000 $5,088,000 $1,710,000 $1,608,000
 Net loss $ (51,000) $ (303,000) $ (68,000) $ (144,000)
 Less: Dividends
 on redeemable
 preferred stock (248,000) (248,000) (83,000) (83,000)
 Net loss
 applicable to
 common
 stockholders $ (299,000) $ (551,000) $ (151,000) $ (227,000)
 Net loss per
 share of common
 stock (A) $(.06) $(.11) $(.03) $(.05)
 Weighted average
 number of shares
 outstanding 5,092,000 5,057,000 5,107,000 5,057,000
 (A) -- Net loss per share gives effect to $248,000 and $83,000 of cumulative preferred dividends not declared for each of the nine months and third quarter of 1992 and 1991, respectively.
 -0- 11/13/92
 /CONTACT: Howard L. Ehler Jr. of Imperial Industries, 305-477-7000/ CO: Imperial Industries, Inc. ST: Florida IN: CST SU: ERN


AW-JB -- FL014 -- 0758 11/13/92 14:13 EST
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:Nov 13, 1992
Words:349
Previous Article:APPLIED RESEARCH CORPORATION ANNOUNCES EARNINGS
Next Article:STATE BANKERS DAY TO BE HELD NOVEMBER 19
Topics:


Related Articles
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES REPORTS RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS FOR YEAR ENDED DECEMBER 31, 1993
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
Imperial Industries Announces Results
Imperial Industries Announces Results
Imperial Industries Announces Results

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