Printer Friendly

REPTRON ELECTRONICS, INC. REPORTS EARNINGS FOR FIRST QUARTER, 1994

 TAMPA, Fla., April 19 /PRNewswire/ -- Michael L. Musto, President and Chief Executive Officer of Reptron Electronics, Inc. (NASDAQ-NMS: REPT) announced today the results of operations for the first quarter ended March 31, 1994.
 The Company achieved record sales and net income during the first quarter, 1994. Net sales for the first quarter increased 59.1% to $39,747,000 from $24,985,000 for the same period the previous year. Net income for the first quarter increased 277.9% to $1,504,000 or $.33 per share compared to last year's $398,000 or $.09 per share.
 The substantial increase in net sales resulted from strong customer demand for both electronic components in the Reptron Distribution division and contract manufacturing services in the K-Byte Manufacturing division.
 Reptron Electronics, Inc. is an integrated electronics company operating as a distributor of electronic components and a contract manufacturer of electronic products. Its distribution division is authorized to sell over 50 vendor lines of semiconductors, passive components and electromechanical devices. Its K-Byte Manufacturing division produces electronic products for a selected number of customers in a variety of industries including telecommunications, banking and medical.
 Reptron Electronics completed its initial public offering on March 29, 1994.
 REPTRON ELECTRONICS, INC.
 Quarter ended
 (in thousands, except per share data)
 March 31, March 31,
 1994 1993
 Net sales --
 Reptron Distribution $22,936 $13,866
 Net sales --
 K-Byte Manufacturing 16,811 11,119
 Total net sales $39,747 $24,985
 Net earnings $ 1,504 $ 398
 Net earnings per share $ .33 $ .09
 Weighted average number of
 shares of Common Stock and
 Common Stock equivalents 4,502,069 4,442,069
 -0- 4/19/94
 /CONTACT: Paul J. Plante, Chief Financial Officer, Reptron Electronics, 813-854-2351/
 (REPT)


CO: Reptron Electronics, Inc. ST: Florida IN: CPR SU: ERN

RK-PC -- FL014 -- 7148 04/19/94 16:39 EDT
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 19, 1994
Words:303
Previous Article:GREAT AMERICAN COMMUNICATIONS: BRYANT NAMED PRESIDENT AND GENERAL MANAGER, Q102 CINCINNATI; TOM SLY NAMED GENERAL MANAGER, WWNK-FM
Next Article:DATA RESEARCH ANNOUNCES SECOND QUARTER RESULTS
Topics:

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