Ceramic Industry News

Ceradyne Announces Third Quarter Financial Results (11/7/06)

November 7, 2006
/ Print / Reprints /
ShareMore
/ Text Size+
Ceradyne, Inc. recently reported financial results for the third quarter ended September 30, 2006, including record sales and record net income. Sales for the third quarter of 2006 rose to a record $185.8 million from $94.4 million in the third quarter of 2005. Net income for third quarter 2006 increased to a record $36.9 million, or $1.34 per diluted share, compared to $13.3 million, or $0.53 per diluted share, in the third quarter of 2005.

The company also reported that it has begun work on a new plant in China. "In the past week, Ceradyne broke ground in Tianjin, China, for a wholly owned 105,000-square-foot ceramic manufacturing facility designed to meet the growing demand from within China for high-purity ceramic crucibles used in the manufacture of silicon photovoltaic solar cells," said Joel Moskowitz, president and chief executive officer. "We anticipate that this new plant will commence operations in early to mid-2007."

Additional information, including results for the first nine months of the year and an archive of a recent teleconference, is available at 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

May 2014 Issue Highlights

Our May 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 August 2014 cover

2014 August

Explore technical ceramics, glasses and refractories in our August issue!

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