News from DEC 17 1997
Ault Inc. 2Q Net 12c/Share Vs 12c
Ault Inc. - Minneapolis
2nd Quar Nov. 30:
1997 1996
Sales $10,954,000 $9,248,000
Net income 509,000 290,000
Avg shrs a 4,366,641 2,414,178
Shr earns
Net income a .12 .12
a. The 81% increase in the number of shares outstanding is a result of the
company's December 1996 initial public offering. Accordingly, per-share
earnings remained the same from a year ago.
6 Months Nov. 30:
1997 1996
Sales $20,377,000 $17,926,000
Net income 596,000 517,000
Avg shrs 4,276,199 2,401,219
Shr earns
Net income .14 .22
The company attributed increased sales in the latest quarter and six months
to a shift in the sales mix toward higher-margin power conversion products
and improved gross margins.
Ault expects improved sales in the third quarter, with net income roughly
comparable to the year-earlier period.
The company reported earnings of $620,000, or 15 cents a share, on sales
of $10.6 million for the third quarter ended March 2, 1997.
Ault makes external power supplies, battery chargers and transformers. |
