Printer Friendly

MOREHOUSE INDUSTRIES REPORTS EARNINGS

 MOREHOUSE INDUSTRIES REPORTS EARNINGS
 FULLERTON, Calif., June 11 /PRNewswire/ -- Morehouse Industries Inc.


(NASDAQ: MIXS) reported earnings of $178,000, or $0.05 per share, on sales of $1,959,000 for the three months ended May 31, 1992 vs. earnings of $59,000, or $0.01 per share, on sales of $783,000, for the three months ended May 31, 1991. Earnings for the quarter were enhanced by $46,000, or $0.01 per share, in non-recurring insurance settlement proceeds.
 For the nine months ended May 31, 1992, Morehouse reported earnings of $402,000, or $0.10 per share, on sales of $5,178,000 vs. earnings of $138,000, or $0.03 per share, on sales of $2,674,000 for the nine months ended May 31, 1991.
 MOREHOUSE INDUSTRIES INC.
 Three Months Ended Nine Months Ended
 May 31, May 31,
 1992 1991 1992 1991
 Net sales $1,959,000 $783,000 $5,178,000 $2,674,000
 Net earnings 178,000 59,000 402,000 138,000
 Net earnings/share $0.05 $0.01 $0.10 $0.03
 The growth in sales and earnings is substantially all attributable to the acquisition of GST Industries Inc. Morehouse Industries is now actively seeking additional acquisitions to accelerate the company's growth.
 The company's subsidiary, Morehouse-COWLES Inc., manufactures mixing, dispersing and milling machinery for various process industries, including manufacturers of paint, ink, adhesives, paper coatings and magnetic media. The company's subsidiary, GST Industries Inc., manufactures proprietary water cannons and related fire-fighting equipment for the petro-chemical industry and mining and municipal markets. GST also supplies proprietary assemblies to the aerospace industry.
 -0- 6/11/92
 /CONTACT: Jim Swartwout, president of Morehouse Industries, 714-738-5000/
 (MIXS) CO: Morehouse Industries Inc. ST: California IN: SU: ERN


KJ-JL -- LA013 -- 9330 06/11/92 15:03 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:Jun 11, 1992
Words:299
Previous Article:REJEANGE NAMED TO HEAD STERLING WINTHROP PHARMACEUTICALS GROUP
Next Article:CHARLOTTE AREA TOYOTA RETAIL TRUCK SALES CLIMB 53 PERCENT IN MAY
Topics:


Related Articles
MOREHOUSE INDUSTRIES INC. ANNOUNCES THE ACQUISITION OF GST INDUSTRIES INC.
MOREHOUSE INDUSTRIES REPORTS EARNINGS
MOREHOUSE INDUSTRIES REPORTS RESULTS
MOREHOUSE ANNOUNCES PROPOSED ACQUISITION
MOREHOUSE INDUSTRIES REPORTS RESULTS
MOREHOUSE INDUSTRIES RELEASES EARNINGS
SUMMA INDUSTRIES ANNOUNCES FIRST QUARTER EARNINGS
SUMMA INDUSTRIES ANNOUNCES FIRST QUARTER EARNINGS
SUMMA INDUSTRIES EARNS $.10 PER SHARE FROM CONTINUING OPERATIONS
SUMMA INDUSTRIES 3RD QUARTER EARNINGS FROM CONTINUING OPERATIONS INCREASE 11%

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