Oglebay Norton Reports 19% Growth In Third Quarter Net Income
November 6, 2000
Oglebay Norton Co. recently announced results for the third quarter and nine months ended September 30, 2000. Revenues for the third quarter reached $103.3 million, a 21% gain from $85.4 million in the year-earlier period, and were $250.1 million for the first nine months, up 15% compared to $217.1 million in the first nine months of 1999. Net income for the third quarter increased 19% to $7.6 million from $6.4 million in the year-earlier period. Earnings per share, assuming dilution, were $1.52, a 15% improvement compared to $1.32 in the third quarter of 1999. Net income for the nine-month period was $11.3 million, an improvement of 22% from $9.3 million reported in the year-earlier nine-month period.