Adjusted possessions gold dealers melbourne (web) 9,760,000 10,149,000
Unit Instruments Notifies Developed First Quarter Monetary Results.YORBA LINDA,. 18, 1997--Unit Instruments Inc. (Nasdaq:UNII) Thursday exclaimed developed monetary results for the initial monetary quarter finished August. 30, 1997.
Sales for the where to buy gold melbourne existing quarter rose to $14,596,000 from $13,288,000 for the initial quarter of the last monetary yr. Net gain grown to $359,000, or 8 nickels for each share, from $102,000, or 2 nickels for each share, for the comparable former yr period. A reinstating charge of $262,000, or approximately 3 nickels for each share afterwards tax, was taped within the former year's first quarter, mostly for severance expense and other accompanied costs of staff reductions.
Sales for the newest quarter advanced 18 p'cent beyond the preceding quarter's sales of $12,357,000 and rose 82 p'cent beyond the prior three quarters. The rise indicates the business's recovery from inside the effects of the astute semiconductor gear large grocery stores contraction which started in mid-1996.
"I am contented to state that Unit made a humble financial gain for the quarter which was in keeping with our internal projections," mentioned Michael J. Doyle, president and ceo. "MFC unit sales are continuing a sluggish, but homogeneous, recovery, and our operating financial gain on those sales has grown considerably due to a cheaper structure and a lot more favourable product combine.
"Control Systems taped much developed performance for the quarter, but Pacific Fringe activity continued to be mushy. Our investment within the Z-Bloc Modular Gas System, and in developing an industrial/medical sales base, kept on in the course of the quarter. Whilst the two of these programs are constraining existing incomes, the long run probabilities are thrilling.
"A stable recovery is underway within the semiconductor gear large grocery stores, however some industry pundits are predicting speeded up maturity in calendar 1998 and 1999. Given this favourable scene, along with internal probabilities Unit has improved, we remain crazy about our firm’s prospects," added Doyle.
Unit Instruments is known as a leading maker of mass circulation directors, ultra high wholesomeness gas solitude chests and ultraclean gas panels critical about the semiconductor manufacture process. The firm preserves help and service centres throughout Northern The u . s, The european union and the Pacific Fringe. Unit Instruments is exchanged on the Nasdaq how to buy gold melbourne Countrywide Large grocery stores beneath the hallmark UNII. . -0-
This press release includes forward-looking statements which engage hazards and questions that'll bring about factual results to vary materially from those projected. Such hazards and questions encompass, but aren't limited by, enterprise activity grades within the semiconductor gear large grocery stores, the business's dependency on a few big consumers, expenditures for stretched out product guaranty, the victorious development and industry consent of new goods, product costing pressure, deficient cost elimination programs, the integration of Control Systems' operations, the victorious commercialization of the Z-Bloc Modular Gas System, development of an industrial/medical sales base and other challenges from inside the firm’s competitiveness. Clear on these and other hazards are illustrative now and again in Unit Instruments' filings with the Securities and Transfer Commission, adding up the yearly Report on Form 10-K for the monetary yr finished Might 31, 1997 and its latest Form 10-Q for the quarter finished August. 30, 1997. The firm assumes nil liability to upgrade the info in this divulge. -0-
UNIT INSTRUMENTS INC.
Consolidated Revenue Statements
(Unaudited)
3 months Finished
August. 30, 1997 August. 31, 1996
Sales $ 14,596,000 $ 13,288,000
Cost of sales 9,961,000 8,670,000
Gross financial gain 4,635,000 4,618,000
Promoting and retailing 1,977,000 1,963,000
Supervision sell my gold melbourne 1,131,000 1,296,000
Reinstating costs -- 262,000
Research, development and engineering 1,105,000 1,130,000
Operating expenditures 4,213,000 4,651,000
Revenue (deficits) from operations 422,000 (33,000)
Interest revenue 199,000 204,000
Interest expense (15,000) (11,000)
Other revenue (expense) (8,000) 25,000
Over all other revenue where to buy gold melbourne 176,000 218,000
Revenue before revenue taxes 598,000 185,000
Provision for revenue taxes 239,000 83,000
Net gain $ 359,000 $ 102,000
For each quite typical share: ,481,000 4,561,000
-0-
UNIT INSTRUMENTS INC.
Consolidated Abridged Balance Sheets
(Unaudited)
August. 30, 1997 Might 31, 1997
Money and money equivalents $ 12,501,000 $ 12,203,000
Other existing possessions 20,576,000 18,910,000
Intangibles 8,439,000 8,577,000
Other possessions 1,106,000 1,125,000
Over all Possessions $ 52,382,000 $ 50,964,000
Existing liabilities $ 7,830,000 $ 7,417,000
Other liabilities 847,000 886,000
Shareholders' equity 43,705,000 42,661,000
Over all Liabilities and
Shareholders' Equity $ 52,382,000 $ 50,964,000
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