Ceramic Industry News

Ceradyne Fourth Quarter, Annual Sales Grow

February 24, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

 

Ceradyne Inc. recently reported financial results for the fourth quarter and 12 months ended December 31, 2011. Sales for the fourth quarter of 2011 were $128.5 million, compared with $100.7 million in the previous year’s fourth quarter. Net income for the 2011 fourth quarter increased to $20.8 million, vs. net income of $13.2 million in the fourth quarter of 2010. Sales for the 12 months ended December 31, 2011, were $572 million, compared with $402.9 million for 2010. Net income was $83.9 million, vs. $29.3 million in the prior year.

“In general, we are very pleased with our fourth quarter performance and the 2011 full-year performance,” said Joel P. Moskowitz, president, CEO and chairman of the board. “Our diversification strategy of products, markets and geography demonstrated its relevance in 2011. As the year progressed, our solar business declined as the result of significant over-capacity and excessive inventory levels of our customers, particularly in China. Yet other areas of Ceradyne, such as defense, nuclear and industrial, showed additional strength, which allowed us to meet our internal goals and continue to implement our ‘Ceradyne $1 Billion’ strategy.”

For more information, visit 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

April 2014 Issue Highlights

Our April 2014 issue is now available!

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI July 2014

2014 July

Our annual Data Book & Buyers' Guide is your best resource for suppliers of materials and equipment for the ceramic, glass, brick and related industries. Check it out!

Table Of Contents Subscribe

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.

Directories

CI Data Book July 2012

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

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px