Printer Friendly

MEDAR REPORTS RECORD THREE-MONTH EARNINGS

 MEDAR REPORTS RECORD THREE-MONTH EARNINGS
 FARMINGTON HILLS, Mich., April 22 /PRNewswire/ -- Medar, Inc.


(NASDAQ-NMS: MDXR) reported record three-month earnings for its first quarter ended March 31, 1992, of $504,339, or $.08 per share, on net sales of $4,857,314, compared to first-quarter earnings in 1991 of $152,414, or $.03 per share, on net sales of $3,979,770.
 While the company experienced sales growth in both its welding and machine vision product lines, most of the 22-percent increase in sales was generated in the sale of disc inspection equipment. This family of products includes equipment used to inspect audio compact discs, video discs and data storage discs. Orders for disc inspection equipment remain strong, as bookings of new business during the first three months of 1992 represent more than an 80-percent increase over the value of orders received in the first quarter of 1991.
 "We look for further growth in the sale of disc inspection equipment as the disc market continues its rapid growth and as disc manufacturers continue to strive for faster production and higher quality," said Charles J. Drake, president and chairman of Medar.
 Medar, Inc. designs and manufactures computer-controlled automation equipment, including machine vision gauging and inspection equipment, resistance welding controls, computer communication systems and automation machinery. Medar's customers include major companies in the defense, aerospace, automobile, appliance, entertainment and consumer goods packaging industries.
 -0- 4/22/92
 /CONTACT: Charles J. Drake or Gerald R. Smith of Medar, Inc., 313-477-3900/
 (MDXR) CO: Medar, Inc. ST: Michigan IN: CPR SU: ERN


JG -- DE011 -- 1163 04/22/92 10:31 EDT
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:Apr 22, 1992
Words:265
Previous Article:THOMAS ELECTED CEO OF MICHAEL BAKER CORPORATION
Next Article:FOUNTAIN PHARMACEUTICALS RECEIVES U.S. PATENT


Related Articles
MEDAR REPORTS INCREASED 1991 EARNINGS
MEDAR REPORTS CONVERSION OF DEBENTURES
MEDAR REPORTS ITS STRONGEST QUARTERLY PERFORMANCE
MEDAR RELEASES THIRD QUARTER RESULTS
MEDAR REPORTS A 50% INCREASE IN EARNINGS FOR 1993
MAXCO SALES AND PROFITS UP IN THIRD QUARTER
MEDAR REPORTS INCREASED FIRST QUARTER EARNINGS
MEDAR REPORTS SECOND QUARTER FINANCIAL STATEMENTS
Medar Reports Record Revenues in Third Quarter
Medar Reports Third Quarter Net Income

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