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Article: LIFE TECHNOLOGIES ANNOUNCES FOURTH QUARTER AND ANNUAL RESULTS FOR 1991

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PR Newswire
Article date:
February 3, 1992
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LIFE TECHNOLOGIES ANNOUNCES FOURTH QUARTER AND ANNUAL RESULTS FOR 1991 

 
GAITHERSBURG, Md., Feb. 3 /PRNewswire/ -- Life Technologies, Inc. (NASDAQ: LTEK) today reported net sales of $44.8 million for the quarter ended Dec. 31, 1991, an increase of 13 percent over the same period a year earlier.  Operating income was $4.0 million in the fourth quarter of 1991 compared with $5.1 million in the prior year's fourth quarter. Operating income in the 1991 period included a $1.2 million charge to earnings for restructuring the company's U.S. operations.  Fourth quarter 1991 net income of $2.5 million was 49 percent below net income for the same period in 1990.  Fourth quarter ...

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