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KEPTEL REPORTS RECORD THIRD QUARTER RESULTS

 TINTON FALLS, N.J., July 20 /PRNewswire/ -- Keptel, Inc. (NASDAQ: KPTL) today announced its second consecutive quarter of record performance. For the third quarter ended June 30, 1993, operating income nearly doubled to $1,447,000 compared with $789,000 in the 1992 third quarter, before giving effect to a non-recurring pretax charge in the 1992 quarter of $447,000 resulting from the sale of the Armiger product line. Net income rose to $856,000 or $0.18 per common share compared with $86,000 or $0.02 per share for the same quarter of 1992. Third quarter 1993 net income includes non-recurring royalty income of $138,000 or $0.02 per share from a product previously sold by the Company. Third quarter 1993 revenues increased 21.1 percent to $10,969,000 compared to $9,059,000 reported in the 1992 third quarter.
 For the nine months ended June 30, 1993, the company had net income of $2,226,000 or $0.48 per common share compared with $1,161,000 or $0.25 per common share reported for the same period of 1992, after giving effect to the third quarter non-recurring items. Revenues for the 1993 period were $32,633,000 compared with $32,441,000 a year ago. Revenues for the nine month period a year ago include $2,867,000 of sales of the Armiger product line.
 Richard K. Laird, president and chief executive officer, said, "Bookings from our telephone company and CATV customers continue to be solid and steady. Our current backlog and near term prospects suggest this trend will continue."
 Mr. Laird continued: "On June 17th, we delivered the first shipment of our new 'Breathable Aerial Fiber Optic Splice Closure', a lighter, easier to install and less expensive splice closure solution than the current products on the market in bringing fiber optic cable to 'the last mile'. This product was developed in conjunction with Bell Atlantic which is preparing to mass deploy fiber optic cable in 'the last mile', or the distance from the nearest telephone switching office out at least to the 'neighborhood' of the telephone customer. Telephone and CATV companies today are competing to install fiber optic cable in this last section in order to best deliver new products like Electronic Yellow Pages, Interactive Data Exchanges and a vast array of proposed audiovisual entertainment. At stake for the first company to do so is the ability to offer a full range of products including those of the competition. Bell Atlantic's determination to be the leader and new industry findings that fusion splicing does not require a weather- sealed environment, combined recently to spawn this exciting new product. Keptel developed the Breathable Splice Closure using its sophisticated Computer Aided Design system (CAD). This together with our culture of moving faster and better than the competition made it possible for Keptel not only to meet Bell Atlantic's engineering requirements but their delivery schedule as well. We are the only firm to meet both and accordingly Keptel's closure is the only one currently approved for use."
 Mr. Laird concluded: "While the market for this new product is just developing, history has shown that the 'first one in' is the best positioned for the future, making this product another important step on our continued journey into fiber optics."
 Keptel, Inc., headquartered in Tinton Falls, N.J., has facilities in El Paso, Texas and Juarez, Mexico. Keptel designs, manufactures and markets a diversified range of telecommunication and CATV connecting and transmission equipment.
 KEPTEL, INC.
 Comparative Statements Of Income
 Third Quarter Nine Months
 Period Ended June 30, 1993 1992 1993 1992
 Net Sales $10,969,000 $9,059,000 $32,633,000 $32,441,000(a)
 Income before
 Income Taxes 1,487,000 191,000(b) 3,902,000 2,031,000
 Provision for
 Income Taxes 631,000 105,000 1,676,000 870,000
 Net Income $856,000(c) $ 86,000 $ 2,226,000 $1,161,000
 Earnings per Share:
 Primary $ 0.18(c) $ 0.02 $ 0.48 $ 0.25
 Fully Diluted $ 0.18(c) $ 0.02 $ 0.47 $ 0.25
 Average Shares
 Outstanding (000s)
 Primary 4,554 4,684 4,581 4,679
 Fully Diluted 4,726 4,975 4,785 4,970
 (A)Includes $2,867,000 of sales of the Armiger product line which the company has sold.
 (B)Includes a non-recurring charge of $447,000 as a result of the sale of the Armiger product line.
 (C)Includes $138,000 or $0.02 per share in non-recurring royalty income from a product previously sold by the company.
 -0- 7/20/93
 /CONTACT: June Filingeri or Lisa Carlton of Morgen-Walke Associates, 212-850-5600, for Keptel, Inc./
 (KPTL)


CO: Keptel, Inc. ST: New Jersey IN: TLS SU: ERN

MP -- NY023 -- 6679 07/20/93 10:19 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
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