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Technology Stocks : Thiokol now Cordant Techologies (CDD) -- Ignore unavailable to you. Want to Upgrade?

To: HairyWho? who wrote (57)	4/21/1998 8:34:00 AM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 127

Thiokol Reports Third Quarter Earnings; Earnings Increase 58 Percent OGDEN, Utah, April 21 /PRNewswire/ -- Thiokol Corporation (NYSE: TKC - news) reported net income of $32.8 million or $.87 per share for the quarter ended March 31, 1998, compared to $20.8 million or $.56 per share (adjusted for the recent two-for- one stock split) for the prior year's quarter. The current year's quarterly net income increased 58 percent over the prior year. James R. Wilson, Chairman and Chief Executive Officer commented, ''We had another outstanding quarter contributing to what will be a record earnings year.

To: HairyWho? who wrote (57)	4/21/1998 8:45:00 AM
From: Carmine Cammarosano	Respond to of 127

Fastening Systems Operating Income Up 57 Percent: Fastening systems sales and operating income for the quarter were substantially higher than last year reflecting continued strength in both commercial aircraft and industrial markets. Operating margins increased to 14.7 percent in the current quarter from 11.3 percent in the prior year's quarter. Fastening systems income benefited from both continuing cost control initiatives and increased sales.

To: HairyWho? who wrote (57)	4/21/1998 8:46:00 AM
From: Carmine Cammarosano	Respond to of 127

Propulsion Systems Operating Income Up 34 Percent: Propulsion systems sales for the quarter decreased slightly compared to last year, primarily as a result of cost containment initiatives on the Space Shuttle RSRM program. Propulsion systems operating income increased 34 percent from the prior year's quarter due to margin increases in the commercial launch motor and Trident programs and reduced corporate overhead allocations due to increased ownership in Howmet. Propulsion systems operating margins increased to 12.8 percent in the current quarter from 9 percent in the prior year's quarter.

To: HairyWho? who wrote (57)	4/21/1998 8:48:00 AM
From: Carmine Cammarosano	Respond to of 127

Investment Castings Contribution Up 90 Percent: Investment castings contributed income, after minority interest and taxes, of $14.6 million compared to $7.7 million for the prior year's quarter, reflecting continued strength in both the commercial aircraft and industrial gas turbine markets. Howmet's sales increased $33.4 million or 11 percent for the quarter from the prior year, adjusted for the sale of Howmet's refurbishment business. Howmet's revenue growth and manufacturing improvements combined to improve operating margins to 13.6 percent for the quarter (13.3 percent after Thiokol goodwill amortization) compared to 11.5 percent in the prior year. Thiokol's recent 13 percent ownership increase also contributed $2.8 million to the increase over the prior year.