Ceramic Industry News / Advanced Ceramics

Ceradyne Reports Gross Profit Margin of 32.8% of Net Sales

March 1, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Ceradyne Inc. recently reported financial results for the fourth quarter and 12 months ended December 31, 2010. Sales for the fourth quarter of 2010 were $100.7 million, compared with $97.6 million in the fourth quarter of 2009. Net income for the fourth quarter of 2010 was $13.2 million, compared to net income of $14.1 million in the 2009 fourth quarter. Net income in the fourth quarter of 2010 was favorably impacted by a tax benefit of $7.4 million, which included $5.4 million from the settlement of a claim for reapportionment of state income taxes and a benefit of $2 million from acquisition and restructuring charges.

Gross profit margin was 32.8% of net sales in the fourth quarter of 2010, compared to 27% in the same period in 2009. Sales for the 12 months ended December 31, 2010, were $402.9 million, compared with $400.6 million in the same period last year. Net income for the period was $29.3 million, compared with net income in the prior year of $8.5 million.

“We are very pleased with our fourth quarter and full year 2010 financial performance,” said Joel P. Moskowitz, president and CEO. “It allowed us to meet our 2010 guidance and laid the groundwork for continuing growth in sales and earnings for 2011.”

For additional details, 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

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.

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

THE MAGAZINE

Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to 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_40