Long AMZN June 120 12 1/2 puts, Out VERT -3/4,JLG.. reported earnings looking very nice, longer term hold possible here. SEH also reported, broke resistance should see 25, the 52 week high. You know the nets are in trouble when TAGS moves up quicker than AMZN. PILT..I also saw ALLR... but just looked.
JLG Industries Reports Record Third Quarter Results; Revenues Up 34 Percent; Net Income Up 23 Percent
MCCONNELLSBURG, Pa., May 25 /PRNewswire/ -- JLG Industries, Inc. (NYSE: JLG - news) today announced its strongest fiscal third quarter financial results in the Company's history for the three-month period ended April 30, 1999. Net sales were $196.7 million, up 34 percent from the $146.3 million in the comparable year-ago period. Net income for the third quarter was $17.3 million, or $0.40 per share ($0.39 assuming dilution), up 23 percent as compared to $14.1 million, or $0.32 per share (both basic and assuming dilution) recorded in the prior year period.
Sales growth for the third quarter was attributed to strong domestic sales of $147.4 million, up 51 percent from the comparable year-ago period sales of $97.9 million. This increase resulted from market share gains, strong demand across JLG product groups, customer acceptance of the Company's many new products and continued growth of the aerial work platform market. Additionally, the Company's North American distribution network has grown to approximately 1,200 locations, fueled by the selection of JLG as the primary supplier of aerial work platforms to many rental company consolidators.
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Spartech Corporation Reports Thirtieth Consecutive Quarter of Improved Results
ST. LOUIS, May 25 /PRNewswire/ -- The following is being issued by Spartech Corporation:
Second Quarter Highlights:
-- Sales up 19% to $196.9 million
-- Operating margin at 11.6% of sales
-- Net earnings a record $11.1 million, 25% greater than the prior year
-- Earnings Per Share of 38c, up 23% from last year |
