Printer Friendly

K-TRON ANNOUNCES PRELIMINARY 1991 RESULTS

 K-TRON ANNOUNCES PRELIMINARY 1991 RESULTS
 PITMAN, N.J., Jan. 29 /PRNewswire/ -- K-Tron International, Inc.


(NASDAQ: KTII) announced today that it expects to report 1991 fourth quarter net earnings of between $.47 and $.54 per share, which would be substantially ahead of the $.28 per share for the fourth quarter of 1990.
 For the year, the company said that net earnings per share would likely be equal to or slightly better than the $1.21 per share reported last year, with revenues exceeding $80 million. Included in the 1991 fourth quarter results is approximately $.15 per share which was recorded in connection with the company's sale to Iconics Inc. of its 11 percent equity interest in Iconics. The company said that the final results for the fourth quarter and the year will not be available until late February.
 K-Tron International, Inc., through its subsidiaries, is a major producer of gravimetric and volumetric feeders and blenders and gravimetric security systems with facilities and customers throughout the world.
 /delval/
 -0- 1/29/92
 /CONTACT: Ronald G. Larson, senior vice president and chief financial officer of K-Tron International, 609-589-0500/
 (KTII) CO: K-Tron International, Inc. ST: New Jersey IN: SU: ERP


JS-MK -- PH031 -- 4875 01/29/92 15:59 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:Jan 29, 1992
Words:205
Previous Article:LOVE IS IN THE AIR AT OCEAN REEF CLUB
Next Article:STANDARD BRANDS PAINT CO. ANNOUNCES STATUS OF NEGOTIATIONS
Topics:


Related Articles
K-TRON ANNOUNCES MAJOR ACQUISITION
K-Tron Acquires Hurricane Pneumatic Conveying Inc.
K-Tron Announces Two Executive Promotions
K-Tron and Estate of Dr. Mario Gallo Agree on Stock Buy Back
K-Tron Completes Repurchase of 250,000 Gallo Shares
K-Tron Expands Its Pneumatic Conveying Business With the Acquisition of Pneumatic Conveying Systems Limited.
K-Tron Announces New Board Member.
K-Tron Great Britain Ltd. (PPMA).
K-Tron Reports $0.34 Per Share First Quarter Earnings.
K-Tron Reports $0.36 Per Share Fourth Quarter Earnings.

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