Printer Friendly

WILSON BROTHERS ANNOUNCES RESULTS OF OPERATIONS

 MIAMI, March 31 /PRNewswire/ -- Wilson Brothers (PSE) announced today results of operations for the quarter and year ended Dec. 31, 1992.
 For the three months ended Dec. 31, 1992, net sales were $3.4 million compared to $5.2 million in the same quarter of the prior year. The company reported a net loss of $1,027,000 or $.31 per share in the current year's quarter vs. a net loss of $257,000 or $.08 per share in the prior year's comparable quarter.
 For the year ended Dec. 31, 1992, net sales were $10.7 million compared to $13.7 million in the prior year. The company had a net loss of $2,352,000 or $.71 per share in the current year compared to a net loss of $968,000 or $.29 per share in the prior year.
 Reflected in the net loss for the quarter and year ended Dec. 31, 1992 is a charge of approximately $500,000 resulting from the write-off of the remaining unamortized cost in excess of net assets of the company's overhead crane segment and a $200,000 provision for environmental remediation in the decorative glass segment.
 WILSON BROTHERS AND SUBSIDIARIES
 Three Months Ended Year Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 (In thousands except per share amounts)
 Net sales $ 3,369 5,225 10,730 13,744
 Net loss $ (1,027) (257) (2,352) (968)
 Loss per share $ (.31) (.08) (.71) (.29)
 Average common
 shares outstanding 3,321 3,321 3,321 3,321
 -0- 3/31/93
 /CONTACT: Jack Coppersmith, executive vice president and chief financial officer of Wilson Brothers, 305-866-7771/


CO: Wilson Brothers ST: Florida IN: SU: ERN

AW-JB -- FL009 -- 1736 03/31/93 17:40 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 31, 1993
Words:289
Previous Article:JACOR ANNOUNCES FINANCIAL RESULTS FOR THREE MONTHS AND TWELVE MONTHS ENDED DECEMBER 31, 1992
Next Article:DALLAS GOLD & SILVER EXCHANGE INC. ANNOUNCES FISCAL YEAR RESULTS, EXPECTS RECORD FIRST QUARTER RESULTS
Topics:


Related Articles
WILSON BROTHERS REPORTS RESULTS
WILSON BROTHERS REPORTS RESULTS
WILSON BROTHERS REPORTS RESULTS
WILSON BROTHERS ANNOUNCES RESULTS
WILSON BROTHERS TO DISPOSE OF ASSETS
TRIARC IN AGREEMENT TO SELL WILSON BROTHERS
Builders FirstSource Combines Divisions.
Wilson Greatbatch Technologies, Inc. to Present at Lehman Brothers Global Healthcare Conference; Presentation Accessable Via Webcast.
Wilson Brothers USA Reports 13% Increase in Sales for the Third Quarter.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters