Ceramic Industry News

CoorsTek Announces Record Revenue And Earnings In 2000

January 29, 2001
/ Print / Reprints /
ShareMore
/ Text Size+
CoorsTek, Inc. achieved record revenue of $539.7 million for the 12 months ending December 31, 2000, 48% greater than in 1999, and record operating income of $58.0 million, 55% greater than the prior year.

CoorsTek, Inc. achieved record revenue of $539.7 million for the twelve months ending December 31, 2000, 48% greater than in 1999, and record operating income of $58.0 million, 55% greater than the prior year. Income before extraordinary item equaled $27.2 million, or $3.08 per diluted share in 2000, versus $20.1 million, or $2.81 per diluted share in 1999. Including an extraordinary charge of 10 cents per diluted share taken during the third quarter of 2000, CoorsTek earned $2.98 per diluted share. This charge related to the early extinguishment of debt subsequent to receiving $123 million of net proceeds from the sale of 3.25 million shares in a follow-on offering. For the three-month period ending December 31, 2000, CoorsTek earned revenue of $154.9 million, 58% greater than in 1999, and operating income of $15.8 million, 128% greater than the prior year. Net income equaled $8.6 million, or 81 cents per diluted share in 2000, versus 46 cents per diluted share in 1999.

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