Ceradyne Reports Preliminary First Quarter 2006 Results (4/18/06)
April 18, 2006
Ceradyne, Inc. expects to report first quarter 2006 sales of approximately $134 million to $136 million and earnings of approximately $0.88 to $0.90 per diluted share, compared to first quarter 2005 sales of $69.8 million and earnings of $0.24 per diluted share. "New orders during the first quarter totaled approximately $155 million and included $115 million of new lightweight ceramic body armor, which includes some next generation elements," said Joel Moskowitz, chief executive officer. "The positive approximately 1.15:1 book-to-bill ratio indicates increasing levels of business as we progress through 2006."