Denison International Meets Q4 and Full Year 2002 Earnings Expectations; Ends 2002 with Strong Revenues and Order Intake Q4 2002 EPS 67% above Q4 2001.
Business Wire › February 17, 2003
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Denison International Meets Q4 and Full Year 2002 Earnings Expectations; Ends 2002 with Strong Revenues and Order Intake Q4 2002 EPS 67% above Q4 2001.
Business Editors
MARYSVILLE, Ohio--(BUSINESS WIRE)--Feb. 17, 2003 Denison International plc (NASDAQ:DENHY) today reported results for its fourth quarter and twelve months ended December 31, 2002. For the current quarter ended December 31, 2002, the Company's net sales increased 17.8% to $41.3 million from fourth quarter 2001 net sales of $35.0 million. Net income for the current quarter increased 61.9%, or $1.3 million, to $3.5 million, from $2.2 million recorded in the comparable quarter a year ago. Reported diluted earnings per share of $0.35 for the current fourth quarter were $0.14 per share higher than fourth quarter 2001 results. Gross margin as a percent of sales of 33.0% in the current fourth qua...See the full content of this document
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