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Article: Cooper Cameron Corporation Earnings Per Share Increase 148 Percent; Orders Reach New Highs
- Article from:
- PR Newswire
- Article date:
- April 29, 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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HOUSTON, April 29 /PRNewswire/ -- Cooper Cameron Corporation (NYSE: RON) reported net income of $19.4 million, or $0.72 per share, for the quarter ended March 31, 1997. This compares with net income of $7.7 million, or $0.29 per share, for the first quarter of 1996. Total revenues increased to $376.0 million for the quarter, up 34 percent from the $280.6 million recorded in the first quarter of 1996. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter increased to $50.8 million from $30.3 million in the same quarter a year ago.
Cameron drives earnings improvement
Cooper Cameron Chairman, President and Chief ...