Ceramic Industry

Ceradyne Reports 2006 Financial Results (3/6/07)

March 6, 2007

Ceradyne, Inc. recently reported results for the fourth quarter and 12 months ended December 31, 2006. Sales for the fourth quarter 2006 increased 56.6% to a record $178.7 million from $114.2 million in the fourth quarter of 2005. Net income for the fourth quarter of 2006 increased 135.1% to a record $37.7 million, or $1.38 per diluted share, compared to net income of $16.1 million, or $0.63 per diluted share, in the fourth quarter of 2005.

Sales for the year ended December 31, 2006, increased to a record $662.9 million, up 80.0% from $368.3 million in 2005. Net income for the year increased to $128.4 million, or $4.69 per diluted share, from $46.8 million, or $1.86 per diluted share, for the year ended December 31, 2005. Net income for the year ended December 31, 2006, was up 174.5% over last year, and earnings per diluted share for 2006 increased 152.2% compared to 2005.

Additional details are available at www.ceradyne.com.

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