United-Guardian Reports Strong First Quarter Financial Results
09 Mai 2012 - 3:00PM
United-Guardian, Inc. (Nasdaq:UG) reported strong sales and
earnings for the first quarter of 2012, with sales increasing by
6.8% over the first quarter of 2011, and net earnings up 5.4%.
Earnings per share for the first quarter increased $0.02 from $0.25
in 2011 to $0.27 in 2012.
Ken Globus, President of United-Guardian, stated, "We are
pleased to report that the Company had another very profitable
quarter, with both sales and earnings increasing over the
comparable quarter of 2011. Our stockholders' equity is now $15.4
million, an increase of 9% over the 2011 year-end figure. With new
products being introduced this year, particularly our new line of
"natural" water-based moisturizers, as well as our continuing
efforts to expand our global sales, we are confident that we will
be able to continue to grow the sales of our personal care
products, which were up 5% over the same period last year. We plan
to work even more closely with our marketing partners to find new
marketing opportunities, and to bring new products to market as
quickly as possible."
United-Guardian is a manufacturer of cosmetic ingredients,
personal and health care products, pharmaceuticals, and specialty
industrial products.
The United-Guardian, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6000
NOTE: This press release contains both historical
and "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements
about the company's expectations or beliefs concerning future
events, such as financial performance, business prospects, and
similar matters, are being made in reliance upon the "safe harbor"
provisions of that Act. Such statements are subject to a variety of
factors that could cause our actual results or performance to
differ materially from the anticipated results or performance
expressed or implied by such forward-looking statements. For
further information about the risks and uncertainties that may
affect the company's business please refer to the company's reports
and filings with the Securities and Exchange Commission.
** Additional financial information can be found at the
company's web site at www.u-g.com.**
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RESULTS FOR THE
QUARTERS ENDED |
MARCH 31, 2012 and
MARCH 31, 2011 |
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THREE MONTHS ENDED
MARCH 31, |
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2012 |
2011 |
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Net sales |
$ 3,888,692 |
$ 3,642,049 |
Costs and expenses |
2,142,703 |
1,981,736 |
Income from
operations |
1,745,989 |
1,660,313 |
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Other income |
72,341 |
66,070 |
Income before income
taxes |
1,818,330 |
1,726,383 |
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Provision for income taxes |
589,700 |
560,200 |
Net income |
$ 1,228,630 |
$ 1,166,183 |
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Earnings per common share
(basic and diluted) |
$ 0.27 |
$ 0.25 |
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Weighted average shares – basic and
diluted |
4,596,439 |
4,596,439 |
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CONTACT: Robert S. Rubinger
Public Relations
(631) 273-0900
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