Printer Friendly

SALEM CORPORATION REPORTS RESULTS

 SALEM CORPORATION REPORTS RESULTS
 MIAMI, May 15 /PRNewswire/ -- Salem Corporation (AMEX: SBS) today


reported net income for the three months ended March 31, 1992 of $559,000, or $.45 per share on gross revenues of $26,919,000 compared to net income of $519,000, or $.42 per share on gross revenues of $27,827,000 during the comparable quarter of 1991.
 Backlog at March 31, 1992 was $91.7 million as compared to $68.1 million at Dec. 31, 1991.
 Salem Corporation designs, engineers and constructs industrial furnaces for the metals producing industries, metal finishing and processing equipment, coal processing and mining equipment and related electrical systems and apparatus.
 SALEM CORPORATION
 Summary of Consolidated Operating Results for
 the Three Months Ended March 31, 1992 and 1991
 (In Thousands Expect per Share Amounts)
 1992 1991
 Gross Revenues $26,919 $27,827
 Net Income $ 559 $ 519
 Earnings Per Share $ .45 $ .42
 -0- 5/15/92
 /CONTACT: Chuck Nolan of Salem Corporation, 305-866-7771/
 (SBS) CO: Salem Corporation ST: Florida IN: MAC SU: ERN


JB-AW -- FL025 -- 0964 05/15/92 17:08 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 15, 1992
Words:180
Previous Article:FLORIDA REGIONAL STOCK REPORT FOR FRIDAY, MAY 15
Next Article:ALLEGHENY & WESTERN ENERGY CORPORATION RELEASES THIRD QUARTER EARNINGS REPORT
Topics:


Related Articles
SALEM CORPORATION REPORTS RESULTS
SALEM CORPORATION ANNOUNCES RESULTS
SALEM CORPORATION REPORTS FIRST QUARTER RESULTS
SALEM CORPORATION REPORTS EARNINGS
SALEM CORPORATION REPORTS RESULTS
SALEM CORPORATION DECLARES RESULTS
SALEM CORPORATION REPORTS EARNINGS
SALEM CORPORATION REPORTS FIRST QUARTER RESULTS
Salem Corporation Announces Results
Salem Corporation Announces Results

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