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Article: Encore Medical Corporation Announces Record Quarter; Continued Strong Global and Domestic Growth
- Article from:
- PR Newswire
- Article date:
- April 28, 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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AUSTIN, Texas, April 28 /PRNewswire/ -- Encore Medical Corporation (Nasdaq: ENMC) announced today record results for the first quarter ended April 3, 1998. Encore continued its strong growth pattern by recording the highest quarterly sales in the Company's history of $7,250,000 compared to sales of $5,740,000 in the first quarter ended March 28, 1997, a 26% increase. Pre-tax income increased 21% for the 1998 first quarter, rising to $512,000, compared to $424,000 in 1997. Net income for the quarter was $337,000, compared to $305,000 for the first quarter of 1997. This translates into diluted earnings per share in 1998 of $0.03, which equals earnings per share of $0.03 ...