CARBO Ceramics Inc. has announced net income of $4.2 million, or
$0.28 per diluted share, on revenues of $24.0 million for the quarter
ended December 31, 2000. This compares with net income of $1.4
million, or $0.10 per diluted share, on revenues of $17.4 million for
the fourth quarter of 1999. For the year ended December 31, 2000, the
company reported net income of $14.8 million, or $1.00 per diluted
share, on record revenues of $93.3 million. This compares with 1999
net income of $10.5 million, or $0.71 per diluted share, on revenues
of $69.7 million. "We are operating in a very strong market, driven
primarily by the continued demand for natural gas, and we are in an
excellent position to satisfy what we expect to be a growing market
for our products," said Jesse P. Orsini, president and CEO.
For additional information, visit http://www.carboceramics.com.
