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Article: Arrow-Magnolia International Reports Sales Gain for First Quarter.
- Article from:
- PR Newswire
- Article date:
- May 10, 2000
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DALLAS, May 10 /PRNewswire/ --
Arrow-Magnolia International, Inc. (Nasdaq: ARWM) today reported that sales for the first quarter ended March 31, 2000 increased to $3,516,082 from $3,496,046 in the same quarter last year. Net income was $333,122, or 10 cents per share basic (9 cents diluted), compared to 13 cents per share basic (11 cents diluted) in the same quarter last year.
Fred Kenner, President, commented, "We are pleased to resume our year-over-year sales gains. Net income for the most recent quarter was affected by the costs of moving into our newly expanded facilities as well as normal increases in operating expenses, some non-recurring. We ...