Ceradyne, Inc. recently announced unaudited preliminary results for the fourth quarter and year ended December 31, 2006. Fourth quarter sales of approximately $178 million were a record, representing a 56% increase from $114 million in the fourth quarter of 2005. New orders of $314 million, also a quarterly record, rose 56% from $201 million in the fourth quarter of 2005. For the year ended December 31, 2006, sales reached a record of approximately $663 million, 80% higher than the $368 million reported in 2005.
“We are particularly pleased with the surge in orders and backlog, which provides good visibility for 2007,” said Joel Moskowitz, chief executive officer. “Our positive operating performance as it relates to lightweight ceramic body armor is responsible, to a large degree, for these record preliminary results. Our strategy continues to focus on meeting the government’s requirements for lightweight ceramic body armor while proactively seeking to diversify our product lines.”
Additional details are available at www.ceradyne.com