Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http://www.flamemaster.com
FLAMEMASTER REPORTS EARNINGS OF $.17 PER SHARE ON A 10.7% INCREASE IN SALES FOR THE QUARTER ENDED MARCH 31, 2017
Pacoima, California, May 16, 2017 – Flamemaster Corporation (OTC “FAME”) today reported earnings of $190,500 or $.17 per share on sales of $1,992,269 for the quarter ended March 31, 2017, compared to a gain of $79,597 or $.07 per share on sales of $1,799,447 for the year earlier period.
For the six-month period ended March 31, 2017 the Company reported earnings of $197,058 or $.18 per share on sales of $3,249,821, compared to a gain of $111,632 or $.10 per share on sales of $3,248,891 in the prior year.
Flamemaster is a Southern California based specialty chemicals manufacturer of high performance sealants, adhesives and coatings, servicing the Aerospace, Defense, Energy, and Transportation industries.
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.