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Article: FEDDERS 2ND QUARTER SALES UP 22%; NET INCOME OF 15 CENTS PER SHARE
- Article from:
- PR Newswire
- Article date:
- March 13, 1996
CopyrightCOPYRIGHT 1996 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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LIBERTY CORNER, N.J., March 13 /PRNewswire/ -- Fedders Corporation (NYSE: FJA, FJC), the room air conditioner manufacturer, today reported higher sales and net income for the second quarter and first half of fiscal 1996, ended February 29, 1996 over comparable periods a year earlier.
Sales in the second quarter were $88.3 million, a gain of 22 percent over sales of $72.4 million in the second quarter of fiscal 1995. Net income for the quarter increased 14 percent to $6.4 million or 15 cents per share, compared with $5.6 million or 14 cents per share in the prior year. Pre-tax income increased 53 percent to $10.3 million from $6.7 million in the comparable quarter ...