Article: PEERLESS TUBE COMPANY REPORTS QUARTER ENDED MARCH 31, 1994 FINANCIAL RESULTS

 
BLOOMFIELD, N.J., May 13 /PRNewswire/ -- Peerless Tube Company (AMEX: PLS) today reported a net loss for the quarter ended March 31, 1994, of $659,000 on sales of $7,811,000, compared to a net loss for the quarter ended March 31, 1993 of $504,000 on sales of $8,901,000.  The net loss per share for the quarter ended March 31, 1994 was $.27, compared to net loss per share of $.21 for the quarter ended March 31, 1993.  The Company's gross margin for the quarter ended March 31, 1994 declined to 5.1% from 6.8% in 1993, largely due to the decreased volume in sales. 
The Company has obtained commitments and negotiated the general terms and conditions for several agreements which ...

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