PR April 5, 2018

 

 

Contact: Joseph Mazin, President & CEO

Telephone: (818) 890-1401

Fax:            (818) 890-6001

Web Site: http://www.flamemaster.com

E-mail:    Josh@flamemaster.com

FLAMEMASTER REPORTS EARNINGS OF $.36

 PER SHARE FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 ON A 4.5% INCREASE IN SALES

 

Pacoima, California, April 5, 2018 – Flamemaster Corporation (Pink Sheets “FAME.PK”) reported net income of $402,209 on sales of $6,946,673 for the year ended September 30, 2017.      In the previous year earnings were $511,853 on sales of $6,651,375.  Per share results were $.36 fully diluted in 2017 vs. $.46 fully diluted in 2016.

Flamemaster continues to grow its product line and expand its customer base.  Adding more new customers at the fastest pace of the past ten years.

Flamemaster is a Southern California based specialty chemicals manufacturer of high performance sealants, adhesives and coatings, servicing the Aerospace, Defense, Energy, Marine 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.

 

12 Months 12 Months
Fiscal Year Fiscal Year
9/30/2017 9/30/2016
Sales 6,946,673 6,651,375
Net income 402,209 511,853
Net income per share $0.36 $0.46
(fully diluted)

 

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