Ceramic Industry News

Ceradyne Reports Fourth Quarter and 12-Month 2003 Results

March 3, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
Ceradyne, Inc. recently reported results for the fourth quarter and 12 months ended December 31, 2003. Fourth quarter sales increased 87.9% to a record $33.1 million, compared to $17.6 million in the prior-year quarter. Fourth quarter gross profit margins increased to 30.1% of net sales in 2003, compared to 22.4% of net sales for the fourth quarter 2002. Net income for the quarter was $4.2 million, or $.39 per diluted share, compared to $937,000, or $.11 per diluted share, for the year-ago quarter. For the year ended December 31, 2003, sales increased 65.7% to a record $101.5 million, compared to $61.2 million in 2002. Gross profit margins for the year increased to 28.9% of net sales, compared to 21.4% of net sales for the year ended 2002. Net income was $11.2 million, or $1.15 per diluted share, in the year 2003, compared to $2.7 million, or $0.31 per diluted share, in the prior year.

For additional information, call (714) 549-0421, ext. 262, e-mail jpellizzon@ceradyne.com or visit http://www.ceradyne.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

September 2014 Issue Highlights

Our September 2014 issue is now available!

Posted: December 15, 2014

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI December 2014 cover

2014 December

Be sure to check out our annual Services Directory and Business Guide, with additional articles on advanced glass components, ceramic grinding media, and more!

Table Of Contents Subscribe

Personal Smartphones

Do you use your personal smartphone or other device to complete tasks for your job?
View Results Poll Archive

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!