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Article: Arrow-Magnolia International Reports 27 Percent Earnings Increase for First Quarter
- Article from:
- PR Newswire
- Article date:
- May 1, 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, May 1 /PRNewswire/ -- Arrow-Magnolia International, Inc. (Nasdaq: ARWM) today announced that earnings for the three months ended March 31, 1997 increased 27% to $281,712, or 10 cents per share, from $222,638, or 8 cents per share, in the same quarter last year. Net sales increased 12% to $2.8 million from $2.5 million in the year-earlier quarter.
Morris Shwiff, President, commented that the Company continued to enlarge its sales force in the first quarter of 1997, including Arrow-Magnolia's launch of marketing in California, which was reflected in the increases of both sales volume and profits. Pretax profit margins increased to 16% from 14% in the ...
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