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Article: Shelby Williams Industries Sees Strong Second Quarter Results
- Article from:
- PR Newswire
- Article date:
- July 3, 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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CHICAGO, July 3 /PRNewswire/ -- Shelby Williams Industries, Inc. (NYSE: SY), the nation's leading contract seating company, today announced that earnings will exceed median analyst estimates of $0.26 per share for the second quarter of 1997. Management expects revenues for the second quarter to exceed $45 million.
"Near record-high occupancy rates in the hotel industry continue to fuel hotel refurbishing projects," said Shelby Williams Industries' chairman and chief executive officer Paul Steinfeld. "Shelby Williams is in a unique position as the as the contract seating leader to garner a growing share of that business."
The company will report ...