Printer Friendly

NCH CORPORATION REPORTS SALES AND EARNINGS FOR FIRST QUARTER

 IRVING, Texas, Sept. 2 /PRNewswire/ -- NCH Corporation (NYSE: NCH) today reported sales and earnings for its first fiscal quarter ended July 31, 1993.
 Net sales were $169.6 million compared with $175.0 million reported last year.
 Net income for the quarter was $7.6 million compared to $11.1 million in the same quarter last year. Earnings Per Share for the first quarter were $.91 compared to $1.34 in the prior year.
 Comparative results for the quarter were adversely affected by deteriorating economic conditions in many international markets and the recent strength of the U.S. Dollar. It is anticipated that the negative impact of a stronger U.S. Dollar and weak international operations will continue and could be more pronounced in the next quarter.
 NCH CORPORATION
 COMPARATIVE EARNINGS STATEMENT
 (In Thousands Except Per Share Data)
 Three Months Ended July 31, 1993 1992
 Net Sales $169,649 $175,033
 Operating Income 12,239 18,171
 Income Before
 Income Taxes 12,749 19,062
 Provision for
 Income Taxes 5,188 7,967
 Net Income 7,561 11,095
 Earnings Per Share .91 1.34
 Average Number of
 Shares Outstanding 8,287 8,280
 (These figures are subject to year-end audit)
 -0- 9/2/93
 /CONTACT: Joe Cleveland, NCH Corporation, 214-438-0251/
 (NCH)


CO: NCH Corporation ST: Texas IN: CHM SU: ERN

LD -- NY089 -- 8634 09/02/93 18:27 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 2, 1993
Words:230
Previous Article:PANHANDLE EASTERN CORPORATION AND IBM SUBSIDIARIES TO FORM TECHNOLOGY PARTNERSHIP
Next Article:INFORMATION DISPLAY TECHNOLOGY AND ADIENCE EXPLORING MERGER

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