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Article: Arrow-Magnolia International Reports 54% Earnings Increase on 22% Increase in Sales
- Article from:
- PR Newswire
- Article date:
- February 20, 1997
CopyrightCOPYRIGHT 1997 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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DALLAS, Feb. 20 /PRNewswire/ -- Arrow-Magnolia International, Inc. (Nasdaq: ARWM) today reported a 54% increase in net earnings on a 22% increase in sales for the year ended December 31, 1996 over the previous year.
The Company's net earnings rose to $1.04 million, or 37 cents per share, compared to $679,000, or 25 cents per share, in 1995. Sales increased to $10.3 million from $8.4 million.
Morris Shwiff, Chairman and President, noted that Arrow-Magnolia's gross margins remained at 42% for the most recent year, while pretax profits grew to 16% of sales compared to 12.7% in 1995. "This reflects the economies of scale we achieve when sales grow ...
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Article: ARROW-MAGNOLIA INTERNATIONAL DECLARES 100 ...
PR Newswire;
May 31, 1996 ;
628 words
... ... Board of Directors of Arrow-Magnolia International, Inc. (Nasdaq ... Chairman, President of Arrow-Magnolia International, Inc., 214-247 ... 9994/ (ARWM) CO: Arrow-Magnolia International, Inc. ST: Texas ...
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