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Article: Physician Sales & Service, Inc. Reports Record First Quarter Sales and Earnings

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PR Newswire
Article date:
July 21, 1997
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JACKSONVILLE, Fla., July 21 /PRNewswire/ -- Physician Sales & Service, Inc. (Nasdaq: PSSI) reported record first quarter sales and earnings for the three months ended June 30, 1997.

For the three months ended June 30, 1997, consolidated sales increased 34% to $203.5 million compared to $151.6 million for the same period in fiscal 1997. Net income increased 39% to $4.4 million or $0.12 per share, compared to proforma net income of $3.1 million or $0.09 proforma net income per share, for the same period in fiscal 1997.

Commenting on the results, Patrick C. Kelly, Chairman and Chief Executive Officer, stated, "We are very pleased with our revenue, ... 







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