Ceradyne Continues To Break Sales Records
October 31, 2005
Ceradyne, Inc. recently reported financial results for the third quarter and nine months ended September 30, 2005, including record sales and record net income. Sales for the third quarter 2005 rose to a record $94.4 million from $56.3 million in third quarter 2004. Net income for the third quarter 2005 increased to a record $13.3 million, or 53 cents per diluted share, compared to net income of $7.3 million, or 30 cents per diluted share, in the third quarter of 2004. Operations of ESK Ceramics have been consolidated since September 1, 2004, and contributed $26.2 million to third quarter 2005 sales, compared to $8.7 million in third quarter 2004 sales. Sales for the nine months ended September 30, 2005, reached a record $254.1 million, up from $132.2 million in the comparable period last year. Net income for the first nine months of 2005 increased to a record $30.7 million, or $1.23 per diluted share, on 25.0 million shares, from $18.8 million, or 77 cents per diluted share, on 24.5 million shares, for the nine month period in 2004.