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Article: ICO, Inc. Reports Earnings
- Article from:
- PR Newswire
- Article date:
- February 12, 1998
CopyrightCOPYRIGHT 1998 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, Feb. 12 /PRNewswire/ -- ICO, Inc. (Nasdaq: ICOC) today announced financial results for the quarter ended December 31, 1997. ICO reported net income of $3,680,000, diluted earnings per common share after preferred stock dividends of $.14 and pre-tax income of $7,534,000 on revenues of $65,807,000, compared to net income of $1,847,000, diluted earnings per common share after preferred stock dividends of $.06, and pretax income of $2,754,000 on revenues of $36,503,000, for the quarter ended December 31, 1996. The quarter's record revenues are the result of strong growth in both Oilfield Services and Petrochemical Processing Services, due in large part to ...