Article: MINUTEMAN INTERNATIONAL REPORTS RECORD SALES FOR THIRD QUARTER AND NINE MONTHS; DIVIDEND DECLARED

ADDISON, Ill., Oct. 27 /PRNewswire/ -- Minuteman International, Inc. (Nasdaq-NNM: MMAN) announced record third quarter and nine months sales levels for the period ended September 30, 1995.

Sales for the third quarter rose 5.3 percent to $11,576,000 compared with $10,992,000 a year earlier, representing the 19th consecutive year- to-year quarterly sales increase. While the sales increase reflects the introduction of new products, price concessions were necessary to remain competitive on certain mature product lines.

This pressure on prices limited our ability to pass through the higher raw material costs imposed earlier in the year, which adversely affected ...

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