22 April 1999: Holophane Corporation of the US, an international manufacturer and marketer of premium quality, highly engineered lighting fixtures and systems for a wide range of industrial, commercia…
22 April 1999: Holophane Corporation of the US, an international manufacturer and marketer of premium quality, highly engineered lighting fixtures and systems for a wide range of industrial, commercial and outdoor applications, has announced record results for the first quarter ended 31 March 1999. The company reported sales of US$ 52.8 million, an increase of 12% from US$ 47.2 million in 1998. Net income rose 16% to US$ 3.8 million, or US$ 0.35 per share on a diluted basis, up 21% from US$ 0.29. Basic earnings per share were US$ 0.36, up from US$ 0.30. Holophane Chairman and CEO, John DallePezze said, “Our first quarter performance got us off to an excellent start for 1999. All of our operating units contributed to the improvement versus 1998 and our sales in the United States were particularly strong.” DallePezze added, “We were particularly pleased that our order rate was up 14%. Our backlog now stands 10% higher than last year. These statistics reinforce our belief that the outlook for the entire year continues to be favourable.”