Printer Friendly

NUTRAMAX REPORTS RECORD FIRST QUARTER SALES AND EARNINGS

 GLOUCESTER, Mass., Jan. 19 /PRNewswire/ -- NutraMax Products, Inc. (NASDAQ-NMS: NMPC), a manufacturer and marketer of private label health and personal care products reported record sales and earnings for its first fiscal quarter 1993.
 Sales for the three months ended Dec. 31, 1992 increased 23 percent to $6,614,000 compared with $5,390,000 reported for the same period a year ago. Gross profit increased to a record $2,705,000, or 17 percent over the fiscal 1992 first quarter gross profit of $2,311,000. Net income for the first fiscal quarter 1993 increased 24 percent to a record $781,000, or 10 cents per share based on 8,101,000 shares outstanding, versus $631,000, or 8 cents per share based on 8,087,000 shares outstanding in the comparable fiscal 1992 quarter.
 Donald E. Lepone, president and chief executive officer of NutraMax, noted: "We attributed our strong results to significant sales increases in Pediatric Electrolyte, baby bottle liners, enema, and dilution bottles. We are encouraged by the high degree of retailer promotional support in this historically soft quarter. We attribute this promotional activity to the increased acceptance of private label products and the particularly strong winter demand for Pediatric Electrolyte."
 NutraMax Products, Inc. is a leading manufacturer of consumer health care products for the store brand market. In addition to Pediatric Electrolyte, the company is also the number one producer of store brand disposable douche, ready-to-use enema, baby bottle liners, and patented laboratory dilution bottles.
 NUTRAMAX PRODUCTS, INC.
 Operating Results
 Three Months Ended
 Dec. 31
 1992 1991
 Net sales $6,614,000 $5,390,000
 Gross profit $2,705,000 $2,311,000
 Net income $781,000 $631,000
 Earnings per share 10 cents 8 cents
 Weighted average shares
 outstanding 8,101,000 8,087,000
 -0- 1/19/93
 /CONTACT: Michael F. Sandler, chief financial officer of NutraMax, 609-665-9300; Lynn Morgen or Amy Weisman, 212-986-5900, both of Morgen- Walke Assoc., for NutraMax/


CO: NutraMax Products, Inc. ST: Massachusetts IN: SU: ERN

CH -- NE005 -- 6146 01/19/93 08:47 EST
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:Jan 19, 1993
Words:344
Previous Article:COLONIAL HIGH INCOME MUNICIPAL TRUST FOURTH QUARTER EARNINGS
Next Article:PATRICIA F. DIMOND, PH.D., JOINS TSI CORPORATION AS DIRECTOR OF CORPORATE COMMUNICATIONS
Topics:


Related Articles
NUTRAMAX REPORTS RECORD FIRST QUARTER SALES AND EARNINGS
NUTRAMAX REPORTS RECORD THIRD-QUARTER SALES AND EARNINGS
NUTRAMAX REPORTS RECORD SECOND QUARTER SALES AND EARNINGS
NUTRAMAX REPORTS CONSOLIDATED THIRD QUARTER SALES AND EARNINGS
NUTRAMAX REPORTS FIRST QUARTER RESULTS
NUTRAMAX REPORTS RECORD SECOND QUARTER SALES AND EARNINGS
NUTRAMAX REPORTS RECORD FOURTH QUARTER AND FISCAL YEAR SALES AND EARNINGS
NUTRAMAX FORMS SPECIAL COMMITTEE, REPORTS ANTICIPATED THIRD QUARTER RESULTS
NUTRAMAX REPORTS THIRD QUARTER SALES AND EARNINGS
NUTRAMAX REPORTS FOURTH QUARTER AND FISCAL YEAR SALES AND EARNINGS

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