Ceramic Industry News

Oglebay Norton Reports First Quarter 2001 Results

May 4, 2001
/ Print / Reprints /
ShareMore
/ Text Size+
Oglebay Norton recently reported its results for the quarter ending on March 31, 2001.

Oglebay Norton Co. recently reported its results for the quarter ending on March 31, 2001. Highlights include: a 13% increase in revenues to a record $65.7 million, while cash flow from operations (EBITDA) was flat compared to the first quarter 2000; a loss attributable to operations of $0.95 per share compared to a loss of $0.57 per share for the first quarter last year; a loss for the quarter of $2.30 per share, which includes several special charges amounting to $1.35 per share; and the realignment of the company business segments to better reflect the way the business is operated.

"Strong demand in several of our key markets resulted in increased revenues," said John Lauer, president and chief executive officer. "Cash flow from operations (EBITDA) was flat, and we were unsuccessful in maintaining margins. This is primarily attributable to higher energy costs. If energy costs had remained neutral, EBITDA would have improved by 19% over the same period in 2000."

For additional information, visit http://www.oglebaynorton.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

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

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

More Podcasts

Ceramic Industry Magazine

CI October 2014 cover

2014 October

Materials advances, refractories and renewable energy - oh, my! Check out our October issue today!

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