Printer Friendly

ROCKY MOUNTAIN UNDERGARMENT CO., INC. ANNOUNCES THIRD QUARTER RESULTS

ROCKY MOUNTAIN UNDERGARMENT CO., INC. ANNOUNCES THIRD QUARTER RESULTS
 ROCKY MOUNT, N.C., Nov. 13 /PRNewswire/ -- Rocky Mount Undergarment Co., Inc. (NASDAQ: RMUC) today reported a 5 percent increase in net sales to $4,915,000 for the quarter ended Sept. 29, 1991 compared to $4,668,000 in the third quarter of 1990. Net sales for the first nine months of 1991 were $14,021,000 compared to $13,763,000 in the first nine months of 1990.
 Net loss in the third quarter of 1991 decreased 14 percent to $73,000 or $.03 per share compared to a net loss of $85,000 or $.03 per share in the third quarter of 1990. Operations in the first nine months of 1991 resulted in a 24 percent reduction in net loss to $252,000 or $.09 per share as compared to a net loss of $332,000 or $.11 per share in the first nine months of 1990. Reductions in losses are directly attributable to increased sales volume while costs have been contained.
 Rocky Mount manufactures and markets intimate apparel for women and children.
 COMPARATIVE TABLE
 THREE MONTHS ENDED NINE MONTHS ENDED
 Sept. Sept. Sept. Sept.
 29, 1991 30, 1990 29, 1991 30, 1991
 NET SALES $4,915,000 $4,668,000 $14,021,000 $13,763,000
 COST OF SALES 4,284,000 4,035,000 12,001,000 11,830,000
 NET LOSS (73,000) (85,000) (252,000) (332,000)
 NET LOSS PER SHARE $(.03) $(.03) $(.09) $(.11)
 WEIGHTED AVERAGE
 SHARES OUTSTANDING 2,877,813 2,920,917 2,870,049 3,004,885
 September December
 29, 1991 31, 1990
 Current Assets $8,622,000 $7,339,000
 Total Assets 10,047,000 8,878,000
 Current Liabilities 3,227,000 1,662,000
 Long-term debt 320,000 342,000
 Deferred revenue - 130,000
 Stockholders' equity 6,500,000 6,744,000
 -0- 11/13/91
 /CONTACT: Charles Kralick, C.F.O., Vice President-Finance, Rocky Mount Undergarment Co., Inc., 919-446-6161/
 (RMUC) CO: Rocky Mount Undergarment Co., Inc. ST: North Carolina IN: TEX SU: ERN DF -- CH001 -- 3759 11/13/91 08:30 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 13, 1991
Words:357
Previous Article:INVACARE UNVEILS NEW AVANTI SEATING AND POSITIONING LINE
Next Article:JHM MORTGAGE SECURITIES L.P. REPORTS THIRD QUARTER EARNINGS
Topics:


Related Articles
ROCKY MOUNT UNDERGARMENT CO., INC., AND THE PRINCIPALS OF MARION ROHR ANNOUNCE A JOINT VENTURE
ROCKY MOUNT UNDERGARMENT CO., INC. REPORTS IMPROVED FOURTH QUARTER AND YEAR-END RESULTS
ROCKY MOUNT UNDERGARMENT CO., INC. REPORTS IMPROVED FIRST QUARTER RESULTS
ROCKY MOUNT UNDERGARMENT CO., INC., NAMES JEFF TREESE VP-MANUFACTURING
ROCKY MOUNT UNDERGARMENT CO., INC. REPORTS SECOND QUARTER RESULTS
ROCKY MOUNT UNDERGARMENT CO., INC., NAMES STEPHEN GREENBERG PRESIDENT AND ANNOUNCES INCREASED CREDIT LINE
ROCKY MOUNT UNDERGARMENT CO., INC. REPORTS THIRD QUARTER RESULTS
ROCKY MOUNT UNDERGARMENT CO. FILES FOR RE-ORGANIZATION
ROCKY MOUNT UNDERGARMENT CO., INC. ANNOUNCES AGREEMENT ON PLAN OF REORGANIZATION

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