Printer Friendly

LARSON-DAVIS ANNOUNCES FIRST QUARTER RESULTS

 LARSON-DAVIS ANNOUNCES FIRST QUARTER RESULTS
 PROVO, Utah, Nov. 20, /PRNewswire/ -- Larson-Davis Inc.


(NASDAQ: LDII) today announced results for the three month period ended Sept. 30, 1991 (the company's first fiscal quarter).
 Larson-Davis reversed a trend by posting a profit per share of approximately 1 cent for the quarter ended Sept. 30, 1991, as compared to a net loss of ($0.01) per share in each of the two preceding quarters. Due to several recent large orders the company currently has the largest backlog in its history. "Larson-Davis suffered slightly from the effects of the recession, but our strong showing in the quarter ended Sept. 30, 1991, indicates a turnaround. We showed a profit for our year ended June 30, 1991, and now have posted a first quarter profit accompanied by a strong backlog of orders," commented Brian G. Larson, president of Larson-Davis Inc.
 The following is selected financial information for the quarter ended Sept. 30, 1991, and the fiscal year ended June 30, 1991. This data should be read in conjunction with the company's reports on forms 10-K and 10-Q which are available upon request:
 9/30/91 6/30/91
 Total Current Assets $4,204,729 $4,256,911
 Total Assets 9,696,909 9,316,715
 Total Current Liabilities 2,371,027 2,433,875
 Total Liabilities 3,465,361 3,509,642
 For the For the
 3 months 12 months
 ended ended
 9/30/91 6/30/91
 Net Sales $1,355,250 $6,052,499
 Net Income 40,921 85,086
 Net Income Per Share $ .01 $ .02
 -0- 11/20/91
 /CONTACT: Dan Johnson of Larson-Davis Inc., 801-375-0182
 (LDII) CO: Larson-Davis Inc. ST: Utah IN: CPR SU: ERN DG -- DV005 -- 5229 11/20/91 08:04 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 20, 1991
Words:291
Previous Article:PITTSBURGH SUPERCOMPUTING CENTER CONTRACTS FOR NEW SUPERCOMPUTER
Next Article:STAFF CONFLICTS CONSUME NEARLY SEVEN WEEKS OF MANAGEMENT TIME EACH YEAR
Topics:


Related Articles
LARSON-DAVIS ANNOUNCES SECOND QUARTER RESULTS
LARSON-DAVIS ANNOUNCES THIRD QUARTER RESULTS YEAR-TO-DATE PROFITS UP 43 PERCENT OVER LAST YEAR
NEW CONTRACTS AND TECHNOLOGIES FUEL LARSON-DAVIS' GROWTH
LARSON-DAVIS ANNOUNCES SECOND QUARTER RESULTS
LARSON DAVIS INC. REPORTS THIRD QUARTER RESULTS
LARSON-DAVIS RELEASES FIRST QUARTER FINANCIALS
LARSON-DAVIS REPORTS QUARTERLY FINANCIALS
Larson-Davis Announces Restructuring Plan To Achieve Profitability
Larson-Davis Incorporated Announces Termination of Lucent Technologies Agreement

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