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Article: Pacer Technology Announces First-Quarter Financial Results; Net Income Includes a Gain On Sale of Cook Bates Product Line.
- Article from:
- PR Newswire
- Article date:
- November 1, 2001
CopyrightCOPYRIGHT 2001 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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RANCHO CUCAMONGA, Calif., Nov. 1 /PRNewswire/ --
Pacer Technology (Nasdaq: PTCH), a manufacturer of advanced technology adhesives, sealants and related consumer products, announced today financial results for its first quarter of fiscal year 2002.
Net income for the quarter ended Sept. 30, 2001, was $904,000, or $0.29 per share, compared to $869,000, or $0.26 per share, for the prior-year period. Net income for the quarter includes a pre-tax gain on the sale of the Cook Bates product line of $1.252 million, and restructuring charges of $337,000. If we were to exclude the restructuring charges and the gain on the sale of Cook Bates, and to assume an ...