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Article: ICO, Inc. Announces Fiscal 2004 First Quarter Results; - Company returns to profitability - Business volumes up 12% year-over-year - Gross profit up 47% year-over-year - Gross margins 18.9%, the highest gross margins achieved since the third quarter of fiscal year 2002.
- Article from:
- PR Newswire
- Article date:
- January 29, 2004
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ICO, Inc. announced first quarter fiscal year 2004 financial results today. For the first quarter, ICO reported revenues of $56,847,000, EBITDA (defined as earnings from continuing operations before interest expense, taxes, depreciation, amortization, impairment, restructuring and other costs - see Reconciliation of Financial Data) of $3,127,000, operating income from continuing operations of $971,000 and net income from continuing operations of $205,000 or 1 cent per common share.
Including discontinued operations, net income was $110,000 for the quarter.
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Year-over-year quarter ...