RAUCH INDUSTRIES ANNOUNCES YEAR END FINANCIAL RESULTS
RAUCH INDUSTRIES ANNOUNCES YEAR END FINANCIAL RESULTS GASTONIA, N.C., March 3 /PRNewswire/ -- Rauch Industries, Inc.
(NASDAQ-NMS: RCHI), a NASDAQ traded company, today announced financial results for the year ended Dec. 31, 1991. Net income for the year ended Dec. 31, 1991 was a record for the fifth consecutive year. Rauch is America's oldest and best-known manufacturer of Christmas tree ornaments and related products.
Net sales were $37.8 million for the year as compared to $37.1 million for the previous year. This is an increase of 2 percent. Net income for the year ended Dec. 31, 1991 was $2.8 million or $1.70 per share. This compares to $2.5 million or $1.53 per share for the year ended Dec. 31, 1990. Net sales for the fourth quarter of 1991 were $15.6 million as compared to $15.3 million for the same quarter of 1990. Net income for the fourth quarter of 1991 was $.87 per share as compared to $.74 per share for the same quarter of 1990. -0- 3/3/92 /CONTACT: Marshall A. Rauch, President and Chief Executive, or Donald G. Walser, Executive VP and Treasurer, Rauch Industries, Inc., 704-867-5333/ (RCHI) CO: Rauch Industries, Inc. ST: North Carolina IN: SU: ERN
CM -- CH001 -- 4330 03/03/92 08:57 EST
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|Date:||Mar 3, 1992|
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