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Sales for the nine months ended September 30 were $443.5 million, compared with $302.2 million in the same period last year. Net income for the nine month period was $63.1 million vs. net income of $16.1 million in the prior year period.
At this time,
Among the areas expected to grow in 2012 are
“We are pleased with our Q3 financial performance, particularly our new orders and backlog,” said Joel P. Moskowitz, president, CEO, and chairman of the board. “Our diversification strategy is resulting in continued growth and a ‘smoothing’ of performance. Diversity of products, markets and geography has resulted in our company relying on not one but three broad markets, namely defense, industrial, and energy-related advanced technical ceramics as we implement our five-year Ceradyne $1 billion goal. Our new products continue to demonstrate unusually superior performance in the field. We have now completed over 1 1/2 years of outstanding performance of our PetroCeram ceramic sand screens in the
For more information, visit www.ceradyne.com.