|
|
Article: Shelby Williams reports improved quarterly sales and earnings; order rate at record level; higher sales, net seen for year. (Shelby Williams Industries Inc.)
- Article from:
- PR Newswire
- Article date:
- October 11, 1989
CopyrightCOPYRIGHT 1989 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)
|
SHELBY WILLIAMS REPORTS IMPROVED QUARTERLY SALES AND EARNINGS;
ORDER RATE AT RECORD LEVEL; HIGHER SALES, NET SEEN FOR YEAR
CHICAGO, Oct. 11 /PRNewswire/ -- Shelby Williams Industries, Inc. (NYSE: SY) today reported that third quarter net income rose nearly 6 percent to $1,612,000, or 17 cents per share, from $1,422,000, or 14 cents per share, in the same quarter last year. Sales increased 10 percent to $41,839,000 from $38,027,000 last year.
"A record incoming order rate of $48 million for the quarter boosted backlogs to $34.5 million, nearly 20 percent over $28.8 million at Sept. 30, 1988," said Manfred Steinfeld, chairman and chief ...