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Article: California's U.S. Filter Sets Record Profits, Stock Split.(Originated from The Business Press, Ontario, Calif.)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 11, 1996
- Author:
CopyrightCOPYRIGHT 1996 Knight-Ridder/Tribune Business News. 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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Jun. 10--Fast-growing, acquisition-minded U.S. Filter Corp. surprised analysts with better-than-expected earnings last week.
The Palm Desert-based provider of water treatment equipment and services also completed the purchases of two companies and announced a stock split to take effect in July.
Continuing a series of record sales and profit reports, U.S. Filter's net income for the fourth quarter ended March 31 rose 124 percent to $6.5 million on revenue of $145.8 million.The earnings topped the consensus of 22 cents a share forecast by analysts, according to Chicago-based Zack's Investment Research Inc.
Income for the full year rose 145 percent to ...