Ceradyne, Inc. recently reported financial results for the third quarter and nine months ended September 30, 2005, including record sales and record net income. Sales for the third quarter 2005 rose to a record $94.4 million from $56.3 million in third quarter 2004. Net income for the third quarter 2005 increased to a record $13.3 million, or 53 cents per diluted share, compared to net income of $7.3 million, or 30 cents per diluted share, in the third quarter of 2004. Operations of ESK Ceramics have been consolidated since September 1, 2004, and contributed $26.2 million to third quarter 2005 sales, compared to $8.7 million in third quarter 2004 sales. Sales for the nine months ended September 30, 2005, reached a record $254.1 million, up from $132.2 million in the comparable period last year. Net income for the first nine months of 2005 increased to a record $30.7 million, or $1.23 per diluted share, on 25.0 million shares, from $18.8 million, or 77 cents per diluted share, on 24.5 million shares, for the nine month period in 2004.
Ceradyne recently held a conference call to discuss its 2005 third quarter results. Investors or other interested parties may visit www.ceradyne.com or www.earnings.com for an archive of the call.
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