Aceto Corporation Reports Best Quarter Ever; Projects Diluted EPS of $.20-.23 for Fourth Quarter vs. $.15 in Last Year's Period.

Business Wire › May 07, 2004

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Aceto Corporation Reports Best Quarter Ever; Projects Diluted EPS of $.20-.23 for Fourth Quarter vs. $.15 in Last Year's Period.

Business Editors

LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--May 7, 2004

Third Quarter Net Income up 54% from Last Year on a 13% Sales Increase

Aceto Corporation (Nasdaq:ACET), a global distributor of chemically-derived pharmaceuticals, biopharmaceuticals and specialty chemicals, today announced quarterly results of operations for its third quarter and nine months ended March 31, 2004.

Third Quarter Financial Highlights - versus fiscal 2003 third quarter

-- Net sales grew 13% to $79.7 million.

-- Gross profit rose 29% to $15.0 million, and gross profit

margin incre...

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