DJ Maxwell Tech 4Q Net 38c/Shr On Items Vs 22c
Maxwell Technologies Inc. - San Diego 4th Quar July 31: 1999 1998Sales $49,846,000 $39,972,000Net income a 3,742,000 2,159,000Avg shrs (diluted) 9,812,000 9,745,000Shr earns (basic) Net income a .39 .23Shr earns (diluted) Net income a .38 .22
a. Includes charge of $4.2 million for costs related to closing a business that was discontinued in fiscal 1998. Also includes $6.1 million income tax credit.
Maxwell Technologies Inc. (MXWL) expects its operating income in fiscal 2000 to be slightly higher than in fiscal 1999.
Operating income in the early part of fiscal 2000 will be hurt by the company's investments in medical sterilization, water purification, ultracapacitor and space product development and marketing.
Profitability will be stronger in the second half of fiscal 2000, Maxwell said.
The company anticipates continued strong revenue growth in fiscal 2000.
Year July 31: 1999 1998Sales $179,685,000 $140,565,000Net income b 11,068,000 c (1,707,000)Avg shrs 9,801,000 8,503,000Shr earns (basic) Net income b 1.18 c (.20)Shr earns (diluted) Net income b 1.12 c (.20)
Figures in parentheses are losses.
b. Includes charges of $5.9 million. Also includes $6.1 million income tax credit.
c. Includes charges of $8.9 million.
Maxwell provides power-based systems and parts.
-Ralph Tasgal; Dow Jones Newswires; 201-938-5400 |
