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Article: MEDUSA CORPORATION REPORTS FIRST QUARTER 1995 EARNINGS
- Article from:
- PR Newswire
- Article date:
- April 24, 1995
CopyrightCOPYRIGHT 1995 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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CLEVELAND, April 24 /PRNewswire/ -- Medusa Corporation (NYSE: MSA) announced today improved first quarter results. For the first quarter of 1995, the company reported a net loss of $0.3 million, or $.02 per common share as compared to a net loss of $1.8 million, or $.11 per common share, in last year's first quarter. The company noted seasonal factors typically lead to unprofitable first quarter results.
Consolidated net sales for the quarter increased 22% to $45.6 million. Cement net sales increased 23% over last year's first quarter, reflecting strong demand and favorable weather in 1995 compared with the unusually harsh winter in the Great Lakes region in 1994. ...