For Immediate Release:
Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http://flamemaster.com
FLAMEMASTER REPORTS EARNINGS MORE THAN DOUBLE TO $.19 PER SHARE ON A 4.35% INCREASE IN SALES FOR THE QUARTER ENDED JUNE 30, 2016
Pacoima, California, August 12, 2016 – Flamemaster Corporation (OTC Pink Sheets “FAME”) today reported earnings of $211,967 or $.19 per share on a 4.35% increase in sales to $1,860,676 for the quarter ended June 30, 2016. In the prior year’s quarter, The Company reported a net of $95,977 or $.09 per share on sales of $1,783,563
For the nine-month period ended June 30, 2016, sales were $5,109,567 compared to $5,820,674 in the year earlier period. The Company reported earnings of $323,599 for the nine-month period ended June 30, 2016 compared to $628,902 for the nine-month period ended June 30, 2015. Per share results were $.29 for the 2016 period vs. $.56 for the 2015 period.
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.