Printer Friendly

IMPERIAL INDUSTRIES REPORTS RESULTS

 MIAMI, May 13 /PRNewswire/ -- Imperial Industries, Inc. today announced the results of operation for the quarter ended March 31, 1993.
 Net sales for the three months ended March 31, 1993 were $1,942,000, compared to $1,512,000 for the same period last year. The company incurred a net loss applicable to common stockholders of $171,000, or $.03 per share, for the first quarter of 1993, compared to a loss of $157,000, or $.03 per share, in 1992.
 Imperial Industries, Inc., a building products company, operates in the states 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.
 FINANCIAL HIGHLIGHTS
 (Unaudited)
 Three Months Ended March 31,
 1993 1992
 Net sales $ 1,942,000 $ 1,512,000
 Net loss $ (89,000) $ (75,000)
 Less: Dividends on
 redeemable preferred
 stock 82,000 82,000
 Net loss applicable to
 common stockholders $ (171,000) $ (157,000)
 Net loss per share of
 common stock (A) $ (.03) $ (.03)
 Weighted average number
 of shares outstanding 5,137,000 5,070,000
 (A) -- Loss per share of common stock gives effect to $82,000 of cumulative preferred dividends not declared for each of the first quarters of 1993 and 1992, respectively.
 -0- 5/13/93
 /CONTACT: Howard L. Ehler Jr., executive vice president of Imperial Industries, 305-477-7000/


CO: Imperial Industries, Inc. ST: Florida IN: CST SU: ERN

JB-MM -- FL005 -- 8096 05/13/93 12:13 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 13, 1993
Words:255
Previous Article:CENTRAL MORTGAGE BANCSHARES ANNOUNCES PRELIMINARY RESULTS OF TENDER OFFER FOR SHARES OF BLUE SPRINGS BANK
Next Article:PACIFIC AMERICAN INCOME SHARES INC. DECLARES DIVIDEND
Topics:


Related Articles
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES REPORTS RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS
IMPERIAL INDUSTRIES ANNOUNCES THIRD QUARTER RESULTS
IMPERIAL INDUSTRIES ANNOUNCES RESULTS FOR YEAR ENDED DECEMBER 31, 1993
IMPERIAL INDUSTRIES ANNOUNCES FIRST QUARTER RESULTS
Imperial Industries Announces First Quarter Earnings

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