For Immediate Release:
Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http://flamemaster.com
FLAMEMASTER REPORTS EARNINGS OF $.09 PER SHARE ON A 41% INCREASE IN SALES FOR THE QUARTER ENDED JUNE 30, 2015
Pacoima, California, August 20, 2015 – Flamemaster Corporation (OTC Pink Sheets “FAME”) today reported earnings of $95,977 or $.09 per share on a 41% increase in sales to $1,783,563 for the quarter ended June 30, 2015. In the prior year’s quarter, The Company reported a net of $57,285 or $.05 per share on sales of $1,265,307.
For the nine-month period ended June 30, 2015, sales were higher by 62.7% to $5,820,674 compared to $3,577,082 in the year earlier period. The Company reported earnings of $628,902 for the nine-month period ended June 30, 2015 compared to $98,611 for the nine-month period ended June 30, 2014. Per share results were $.56 for the 2015 period vs. $.09 for the 2014 period.
The Company reported sales gains in all product categories.
Flamemaster is a Southern California based specialty chemicals manufacturer servicing the aerospace, electronic, communication, marine, energy, transportation and defense industries with high performance aircraft sealants and coatings.
The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the company and reflect future business decisions, which are subject to change.