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Article: LINCOLN FOODSERVICE PRODUCTS ANNOUNCES FIRST QUARTER RESULTS
- Article from:
- PR Newswire
- Article date:
- April 20, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LINCOLN FOODSERVICE PRODUCTS ANNOUNCES FIRST QUARTER RESULTS
FORT WAYNE, Ind., April 20 /PRNewswire/ -- Lincoln Foodservice Products, Inc. (NASDAQ: LINN), today announced operating results for the first quarter ended March 31, 1992.
Net sales in the 1992 first quarter increased 30.8 percent to $11,690,000 compared to 1990 net sales of $8,941,000. Net income increased to $328,000 or $.10 per share, compared to 1991 first quarter net loss of $106,000 or ($.03) per share.
William A. Thomas, Lincoln's chairman, president, and chief executive officer, noted, "Improved economic conditions led to across- the-board sales increases in both our equipment and supply ...
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