Chattem second-quarter sales rise 15% led by pHisoderm and Benzodent..
This article was originally published in The Tan Sheet
Executive Summary
CHATTEM POSTS 15% SALES GAIN IN SECOND QUARTER (ended May 31) to $27.1 mil. led by two brands acquired in 1994 -- pHisoderm and Benzodent. Through the first six months of fiscal year 1995, net sales have increased 12.4% to $46.5 mil., Chattem reported on July 11
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<pre> Chattem Change to 1995 3 Mos. to May 31 1995 1994 from 1994 Sales $ 27.1 mil. $ 23.6 mil. 14.7 % Net income $ 10.48 mil. $ 1.55 mil. 574.8 % Income/share $ 1.44 $ 0.21 Net income/ sales dollar 38.65 cents 6.57 cents 1994 sales in both periods restated by company. Quarter sales originally 26.9 mil., +8%; six months sales originally 47.7 mil., -2.6%. 1995 net income in both periods includes an extraordinary charge of 367,000 (5 cents/share). Abbott Change to 1995 3 Mos. to June 30 1995 1994 from 1994 Sales $ 2,500.3 mil. $ 2,204.0 mil. 13.4 % Net income $ 424.03 mil. $ 376.56 mil. 12.6 % Income/share $ 0.53 $ 0.46 Net income/ sales dollar 16.96 cents 17.08 cents Chattem Change to 1995 6 Mos. to May 31 1995 1994 from 1994 Sales $ 46.5 mil. $ 41.4 mil. 12.4 % Net income $ 10.23 mil. $ 1.30 mil. 686.9 % Income/share $ 1.40 $ 0.18 Net income/ sales dollar 22.01 cents 3.14 cents 1994 sales in both periods restated by company. Quarter sales originally 26.9 mil., +8%; six months sales originally 47.7 mil., -2.6%. 1995 net income in both periods includes an extraordinary charge of 367,000 (5 cents/share). Abbott Change to 1995 6 Mos. to June 30 1995 1994 from 1994 Sales $ 5,024.7 mil. $ 4,419.3 mil. 13.7 % Net income $ 841.28 mil. $ 742.79 mil. 13.3 % Income/share $ 1.05 $ 0.91 Net income/ sales dollar 16.74 cents 16.81 cents </pre> <br /> <br /> |