Ceramic Industry News

American Standard Announces Third Quarter Results

October 28, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
American Standard Companies Inc. recently announced record third quarter earnings of 71 cents per diluted share, up 29% from the third quarter last year. Third quarter sales were $2.396 billion, up 7% from a year ago, and net income rose 27% to $156 million. Third quarter earnings include operational consolidation expenses of $7 million or 2 cents per diluted share net of taxes, primarily for Bath and Kitchen, as well as a benefit from a tax item of 8 cents per diluted share. Excluding those items, diluted EPS was a record 65 cents or 18% higher than third quarter last year. "We delivered another good quarter of growth, with particularly nice progress in our Bath and Kitchen and Vehicle Control Systems businesses," said Fred Poses, chairman and chief executive officer. "We benefited from the performance of our new products and our marketing initiatives, even as we felt the impact of the unseasonably cool summer on our air conditioning business."

For more information, call (732) 980-6095, e-mail bfisher@americanstandard.com or visit http://www.americanstandard.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

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

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

More Podcasts

Ceramic Industry Magazine

CI October 2014 cover

2014 October

Materials advances, refractories and renewable energy - oh, my! Check out our October issue today!

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