Printer Friendly

STATE-O-MAINE ANNOUNCES RECORD YEAR END RESULTS

 STATE-O-MAINE ANNOUNCES RECORD YEAR END RESULTS
 NEW YORK, May 13 /PRNewswire/ -- State-O-Maine, Inc. (NASDAQ: SOME),


a company engaged in the design, manufacture and sale of fine quality men's activewear, sportswear, outerwear and furnishings, today announced its results for the year ended Feb. 29, 1992.
 For the year ended Feb. 29, 1992, sales from continuing operations were approximately $121.2 million compared to approximately $95.4 million in 1991. Income from continuing operations in 1992 was approximately $7.5 million ($1.00 per share on a primary basis and $.97 per share on a fully diluted basis). This compares to approximately $3.5 million in 1991 ($.47 per share both on a primary and fully diluted basis), as adjusted for a stock split. Taking into account continuing and discontinued operations, net earnings for the year ended Feb. 29, 1992, were approximately $7.5 million compared to approximately $2.2 million in 1991 ($.29 per share both on a primary and fully diluted basis), as adjusted.
 Fourth quarter 1992 sales from continuing operations were approximately $28.2 million compared to approximately $18.5 million in the corresponding 1991 quarter. Income from continuing operations was $2.0 million ($.27 per share on a primary basis and $.26 per share on a fully diluted basis) compared with $670,000 in the fourth quarter of 1991 ($.09 per share both on a primary and fully diluted basis), as adjusted.
 STATE-O-MAINE, INC.
 CONSOLIDATED CONDENSED EARNINGS SUMMARY
 Year Ended Three Months Ended
 2/29/92 2/28/91 2/29/92 2/28/91
 Net sales from
 continuing opera-
 tions $121,153,102 $95,364,083 $28,203,956 $18,513,048
 Income from cont.
 operations 7,488,669 3,478,970 2,047,630 670,000
 Income (loss) from
 discont. opers. -- (1,325,650) -- (1,291,913)
 Net earnings 7,488,669 2,153,320 2,047,630 ( 621,913)
 Primary earnings
 (loss) per share
 Cont. opers. 1.00 .47 .27 .09
 Discont. opers. -- (.18) -- (.18)
 Net primary earnings
 per share 1.00 .29 .27 (.09)
 Weighted average shares,
 as adjusted 7,502,042 7,299,416 7,688,533 7,169,781
 Fully diluted earnings
 (loss) per share:
 Continuing operations .97 .47 .26 .09
 Discont. operations -- (.18) -- (.18)
 Net fully diluted
 earnings per share .97 .29 .26 (.09)
 Weighted average shares,
 as adjusted 7,727,419 7,299,416 7,774,727 7,169,781
 -0- 5/13/92
 /CONTACT: Sharon Burd, controller of State-O-Maine, 212-244-1111/
 (SOME) CO: State-O-Maine Inc. ST: New York IN: REA SU: ERN


AH -- NY003 -- 9477 05/13/92 08:30 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 13, 1992
Words:431
Previous Article:SAINSBURY'S REPORTS PRELIMINARY RESULTS FOR 1991/92
Next Article:INTER-REGIONAL FINANCIAL GROUP TO CREATE NEW MINNEAPOLIS-BASED OPERATIONS SUBSIDIARY; NAMES JERRY HAYES PRESIDENT OF NEW SUBSIDIARY
Topics:


Related Articles
HANNAFORD ANNOUNCES INCREASED SALES FOR NOVEMBER AND DISCUSSES EARNINGS RESULTS FOR THIS YEAR AND NEXT
STATE-O-MAINE ANNOUNCES THIRD-QUARTER RESULTS
NEW ENGLAND SKI INDUSTRY POSTING STRONG SEASON TOTALS
STATE-O-MAINE ANNOUNCES FIRST QUARTER RESULTS
STATE-O-MAINE, INC. ANNOUNCES SECOND QUARTER RESULTS
STATE-O-MAINE, INC. ANNOUNCES THIRD QUARTER RESULTS
IBM: OS/2 FINISHES STRONG IN 1992
STATE-O-MAINE, INC. ANNOUNCES RECORD YEAR END RESULTS
STATE-O-MAINE, INC. ANNOUNCES RECORD 1ST QUARTER RESULTS
VISHAY-SPRAGUE TO MARKET SANYO OS-CON SOLID ALUMINUM CAPACITORS

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