Printer Friendly

INDUSTRIAL SCIENTIFIC CORPORATION ANNOUNCES SECOND QUARTER EARNINGS

 PITTSBURGH, Aug. 19 /PRNewswire/ -- Industrial Scientific Corporation (NASDAQ-NMS: ISCX) today reported results for the second fiscal quarter ended July 31, 1993.
 Net income for the period was $1,002,000 ($0.32 per share) on net sales of $7,394,000. The results compare with net income of $543,000 ($0.18 per share) on net sales of $5,829,000 in the second fiscal quarter last year.
 For the six months ended July 31, 1993, Industrial Scientific reported net income of $1,956,000 ($0.64 per share) on net sales of $14,334,000. This compares to net income of $1,213,000 ($0.40 per share) on net sales of $11,623,000 for the same period a year ago.
 Headquartered in Oakdale, Pa., Industrial Scientific Corporation designs, manufactures and markets portable instruments for detecting, measuring and monitoring a wide variety of gases include toxic and combustible gases and oxygen to protect and preserve human life.
 INDUSTRIAL SCIENTIFIC CORPORATION AND SUBSIDIARIES
 Condensed Statement of Operations
 (Unaudited)
 (In thousands, except per share amounts)
 Period Three Months Six Months
 Ended 7/31/93 8/1/92 7/31/93 8/1/92
 Net Sales $7,394 $5,829 $14,334 $11,623
 Gross Profit 4,059 2,891 7,778 5,861
 Operating Profit 1,634 917 3,216 2,034
 Net Income 1,002 543 1,956 1,213
 Earnings Per Share $0.32 $0.18 $0.64 $0.40
 Weighted Average
 Shares of Common Stock
 and Equivalents 3,127 3,000 3,064 3,000
 -0- 8/19/93
 /CONTACT: James P. Hart, treasurer and corporate controller of Industrial Scientific, 412-788-4353/
 (ISCX)


CO: Industrial Scientific Corporation ST: Pennsylvania IN: SU: ERN

KC-CD -- PG008 -- 4412 08/19/93 15:01 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:Aug 19, 1993
Words:293
Previous Article:BOSTON CHICKEN(R) TO OPEN 150TH STORE; ED MCMAHON BECOMES PARTNER IN LARGEST FRANCHISE
Next Article:EVEREST & JENNINGS INTERNATIONAL REPORTS RESULTS FOR SECOND QUARTER AND SIX MONTHS
Topics:

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