Ceramic Industry News

Ceradyne Announces Preliminary Third Quarter Results

October 15, 2003
/ Print / Reprints /
/ Text Size+
Ceradyne, Inc. has announced its preliminary results for the third quarter and nine months ended September 30, 2003. Sales for the quarter almost doubled to a record $27 million, compared to $14.3 million a year ago. Sales for the nine-month period totaled a record $68 million, vs. $43.6 million in 2002. Bookings, or new orders, for the quarter increased 225% to a record $52 million, from $16 million in the third quarter of 2002. Nine-month bookings stand at a record $100 million, compared to $44.1 million for the same period in 2002. "Bookings continued at high levels, and, despite record shipments during the period, quarter-end backlog grew to more than $67 million, another company record, compared to a backlog of $28.2 million a year ago," said Joel Moskowitz, chief executive officer. "Furthermore, we are completing the acquisition of a 115,000-square-foot manufacturing plant situated on approximately six acres in Lexington, Ky., for $2.4 million. The purchase of this new facility came in under budget and is on plan to meet rising long-term demand for diesel engine components and other silicon nitride parts."

For additional information, call (714) 549-0421, ext. 262, e-mail jpellizzon@ceradyne.com or visit http://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.



Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!


Manufacturing Day 2014

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

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe


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.


CI Data Book July 2012

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


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px