PR April 20, 2018

 

 

Contact: Joseph Mazin, President & CEO

Telephone: (818) 890-1401

Fax:            (818) 890-6001

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

E-mail:    Releases@flamemaster.com

 

FLAMEMASTER REPORTS EARNINGS OF $.20 PER SHARE ON A 14.2% INCREASE IN SALES TO A RECORD $2,274,609 FOR THE QUARTER ENDED MARCH 31, 2018

Pacoima, California, April 20, 2018 – Flamemaster Corporation (Pink Sheets “FAME.PK”) reported earnings of $222,837 or $.20 per share on record sales of $2,274,609 for the quarter ended March 31, 2018, compared to a gain of $190,500 or $.17 per share on sales of $1,992,269 for the year earlier period.

For the six-month period ended March 31, 2018 the Company reported record earnings of $473,797 or $.43 per share on sales of $4,135,493, compared to a gain of $197,058 or $.18 per share on sales of $3,249,821 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.

Flamemaster Corporation

(Unaudited)

3 Months 3 Months 6 Months 6 Months
Ended Ended Ended Ended
3/31/2018 3/31/2017 3/31/2018 3/31/2017
Sales 2,274,609 1,992,269 4,135,493 3,249,821
Net income/(Loss) 222,837 190,500 473,797 197,058
Net income/(Loss) per share  .20  .17 .43 .18
(fully diluted)

 

 

 

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