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1st quarter Rochem environmental results
News and Views
I s t Quarter Rochem Environmental Results R o c h e m E n v i r o n m e n t a l , Inc. h a s r e p o r t e d a n e t loss of U S $ 1 9 7 , 7 7 0 , or U S $ . 0 1 p e r s h a r e , for t h e first q u a r t e r of fiscal 1997 e n d e d D e c e m b e r 31, 1996. T h i s c o m p a r e s w i t h a l o s s of U S $ 2 6 0 , 1 7 4 , or U S $ . 0 2 p e r s h a r e , for t h e s a m e p e r i o d of fiscal 1996. R e v e n u e s i n c r e a s e d 12% to U S $ 2 4 2 , 2 6 2 from U S $ 2 1 6 , 1 8 9 in t h e s a m e p e r i o d a y e a r ago. A c c o r d i n g to R o c h e m P r e s i d e n t E r i c k N e u m a n , t h e first q u a r t e r ' s 2 4 % r e d u c t i o n in n e t l o s s is a r e s u l t of t h e efforts b y t h e c o m p a n y to c o n t r o l c o s t s in t h e p e t r o l e u m s e c t o r of t h e b u s i n e s s . N e u m a n views t h i s p r o g r e s s a s t h e b e g i n n i n g of a t r e n d t h a t will a c c o m p a n y R o c h e m ' s s h i f t t o w a r d e m p h a s i s on s u p p l y i n g t e c h n o l o g y for p r o c e s s - r e l a t e d w a s t e w a t e r t r e a t m e n t a p p l i c a t i o n s . N e u m a n a l s o e x p e c t s to "sign l e t t e r s of i n t e n t to sell s y s t e m s w o r t h m o r e t h a n U S $ 1 0 m i l l i o n for t h e i n d u s t r i a l w a s t e w a t e r t r e a t m e n t , oil a n d g a s p r o d u c t i o n , b y p r o d u c t r e - m a n u f a c t u r i n g , landfill l e a c h a t e t r e a t m e n t a n d environmental services industry segments." For further information, contact: Rochem International, Inc., 610 N. Milby St, Houston, TX 77003, USA. Tel: +1 713 224 7626;fax: +1 713 224 7627.
S t r a t e g i c plan pays d i v i d e n d s for Ionics I o n i c s I n c o r p o r a t e d h a s r e p o r t e d it's t e n t h c o n s e c u t i v e y e a r of g r o w t h w i t h t h e a n n o u n c e m e n t of it's r e s u l t s for t h e y e a r a n d q u a r t e r e n d e d D e c e m b e r 31, 1996. Ionic's C h a i r m a n A r t h u r L. G o l d s t e i n n o t e d h i s b e l i e f t h a t t h e C o m p a n y ' s p r o g r e s s in 1996 r e f l e c t e d t h e s u c c e s s f u l i m p l e m e n t a t i o n over t h e p a s t t e n y e a r s of the Company's "Ten-Cylinder Engine" strategic plan. T h i s p l a n e m b o d i e s a b a l a n c e in t h e C o m p a n y ' s b u s i n e s s m i x b e t w e e n c a p i t a l e q u i p m e n t a n d services, between US-based and foreign-based locations, and
M e m b r a n e T e c h n o l o g y No. 8 2
a m o n g v a r i o u s m a r k e t a p p l i c a t i o n s of I o n i c s ' T o o l b o x of t e c h n o l o g i e s . Mr G o l d s t e i n a l s o o b s e r v e d t h a t strong performances from the Company's ultrapure w a t e r - r e l a t e d b u s i n e s s e s w e r e m a j o r f a c t o r s in t h e i m p r o v e d r e s u l t s for t h e year. T h e C o m p a n y p r o d u c e d r e c o r d levels in e a c h of four categories: revenues, net income, earnings per s h a r e a n d y e a r - e n d b a c k l o g . R e v e n u e s for t h e y e a r w e r e U S $ 3 2 6 . 7 million, u p 2 7 . 0 % c o m p a r e d to 1995. Net i n c o m e w a s U S $ 2 6 . 5 million, u p 2 6 . 1 % over n e t i n c o m e of U S $ 2 1 . 0 m i l l i o n for 1995, w h i l e e a r n i n g s p e r s h a r e of U S $ 1 . 6 5 w e r e u p 18.7% c o m p a r e d to U S $ 1 . 3 9 p e r s h a r e in 1995. F o r t h e f o u r t h q u a r t e r , r e v e n u e s of U S $ 8 9 . 4 m i l l i o n w e r e u p 19.3%, while n e t i n c o m e of US$7.1 m i l l i o n w a s u p 17.8% from n e t i n c o m e of U S $ 6 . 0 m i l l i o n in 1995. E a r n i n g s p e r s h a r e of U S $ 0 . 4 4 w e r e u p 12.8%, c o m p a r e d to U S $ 0 . 3 9 p e r s h a r e o n e y e a r earlier. Y e a r - e n d b a c k l o g of U S $ 2 1 0 . 5 million, a n d b o o k i n g s for t h e y e a r of U S $ 3 3 4 . 8 million, w e r e u p 2 0 . 0 % a n d 19.4%, r e s p e c t i v e l y , from one y e a r earlier. B o o k i n g s of U S $ 1 0 7 . 7 m i l l i o n for t h e f o u r t h q u a r t e r w e r e a l s o a r e c o r d for t h e C o m p a n y . For further information, contact: Ionics Inc, PO Box 9131, Watertown, MA 02272-9131, USA. Tel: +1 617 926 2500; Internet address: http: / /www.ionics.corn.
MiUipore acquires A m i c o n and Tylan General Millipore C o r p o r a t i o n h a s c o m p l e t e d t h e a c q u i s i t i o n of two n e w c o m p a n i e s - - A m i c o n B i o s e p a r a t i o n s a n d Tylan General. Millipore's f o u r t h q u a r t e r e a r n i n g s p e r s h a r e , e x c l u d i n g a n o n - r e c u r r i n g c h a r g e , w e r e $ 0 . 5 5 , u p 8% in 1996 from t h e s a m e p e r i o d l a s t year. T h e p r e - t a x , n o n - c a s h c h a r g e of $ 6 8 m i l l i o n ($1.21 p e r s h a r e a f t e r tax) w a s r e l a t e d to t h e o n e - t i m e w r i t e - o f f of i n - p r o c e s s research and development associated with the a c q u i s i t i o n of t h e A m i c o n B i o s e p a r a t i o n s b u s i n e s s c o m p l e t e d in t h e f o u r t h q u a r t e r . F o r t h e full year, earnings per share, excluding the non-recurring c h a r g e , w e r e $2.20, u p 16%. F o u r t h q u a r t e r r e v e n u e s w e r e $151 million, d o w n 2% f r o m t h e s a m e p e r i o d l a s t year. F o r t h e full year, r e v e n u e s w e r e $ 6 1 9 million, u p 4%. W h e n m e a s u r e d in local c u r r e n c y , r e v e n u e s w e r e u p 1% for t h e f o u r t h q u a r t e r a n d 10% for t h e year. For further information, contact: MiUipore Corporation, Bedford, MA, USA. Tel: +1 617 533 2032.
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I s t Quarter Rochem Environmental Results R o c h e m E n v i r o n m e n t a l , Inc. h a s r e p o r t e d a n e t loss of U S $ 1 9 7 , 7 7 0 , or U S $ . 0 1 p e r s h a r e , for t h e first q u a r t e r of fiscal 1997 e n d e d D e c e m b e r 31, 1996. T h i s c o m p a r e s w i t h a l o s s of U S $ 2 6 0 , 1 7 4 , or U S $ . 0 2 p e r s h a r e , for t h e s a m e p e r i o d of fiscal 1996. R e v e n u e s i n c r e a s e d 12% to U S $ 2 4 2 , 2 6 2 from U S $ 2 1 6 , 1 8 9 in t h e s a m e p e r i o d a y e a r ago. A c c o r d i n g to R o c h e m P r e s i d e n t E r i c k N e u m a n , t h e first q u a r t e r ' s 2 4 % r e d u c t i o n in n e t l o s s is a r e s u l t of t h e efforts b y t h e c o m p a n y to c o n t r o l c o s t s in t h e p e t r o l e u m s e c t o r of t h e b u s i n e s s . N e u m a n views t h i s p r o g r e s s a s t h e b e g i n n i n g of a t r e n d t h a t will a c c o m p a n y R o c h e m ' s s h i f t t o w a r d e m p h a s i s on s u p p l y i n g t e c h n o l o g y for p r o c e s s - r e l a t e d w a s t e w a t e r t r e a t m e n t a p p l i c a t i o n s . N e u m a n a l s o e x p e c t s to "sign l e t t e r s of i n t e n t to sell s y s t e m s w o r t h m o r e t h a n U S $ 1 0 m i l l i o n for t h e i n d u s t r i a l w a s t e w a t e r t r e a t m e n t , oil a n d g a s p r o d u c t i o n , b y p r o d u c t r e - m a n u f a c t u r i n g , landfill l e a c h a t e t r e a t m e n t a n d environmental services industry segments." For further information, contact: Rochem International, Inc., 610 N. Milby St, Houston, TX 77003, USA. Tel: +1 713 224 7626;fax: +1 713 224 7627.
S t r a t e g i c plan pays d i v i d e n d s for Ionics I o n i c s I n c o r p o r a t e d h a s r e p o r t e d it's t e n t h c o n s e c u t i v e y e a r of g r o w t h w i t h t h e a n n o u n c e m e n t of it's r e s u l t s for t h e y e a r a n d q u a r t e r e n d e d D e c e m b e r 31, 1996. Ionic's C h a i r m a n A r t h u r L. G o l d s t e i n n o t e d h i s b e l i e f t h a t t h e C o m p a n y ' s p r o g r e s s in 1996 r e f l e c t e d t h e s u c c e s s f u l i m p l e m e n t a t i o n over t h e p a s t t e n y e a r s of the Company's "Ten-Cylinder Engine" strategic plan. T h i s p l a n e m b o d i e s a b a l a n c e in t h e C o m p a n y ' s b u s i n e s s m i x b e t w e e n c a p i t a l e q u i p m e n t a n d services, between US-based and foreign-based locations, and
M e m b r a n e T e c h n o l o g y No. 8 2
a m o n g v a r i o u s m a r k e t a p p l i c a t i o n s of I o n i c s ' T o o l b o x of t e c h n o l o g i e s . Mr G o l d s t e i n a l s o o b s e r v e d t h a t strong performances from the Company's ultrapure w a t e r - r e l a t e d b u s i n e s s e s w e r e m a j o r f a c t o r s in t h e i m p r o v e d r e s u l t s for t h e year. T h e C o m p a n y p r o d u c e d r e c o r d levels in e a c h of four categories: revenues, net income, earnings per s h a r e a n d y e a r - e n d b a c k l o g . R e v e n u e s for t h e y e a r w e r e U S $ 3 2 6 . 7 million, u p 2 7 . 0 % c o m p a r e d to 1995. Net i n c o m e w a s U S $ 2 6 . 5 million, u p 2 6 . 1 % over n e t i n c o m e of U S $ 2 1 . 0 m i l l i o n for 1995, w h i l e e a r n i n g s p e r s h a r e of U S $ 1 . 6 5 w e r e u p 18.7% c o m p a r e d to U S $ 1 . 3 9 p e r s h a r e in 1995. F o r t h e f o u r t h q u a r t e r , r e v e n u e s of U S $ 8 9 . 4 m i l l i o n w e r e u p 19.3%, while n e t i n c o m e of US$7.1 m i l l i o n w a s u p 17.8% from n e t i n c o m e of U S $ 6 . 0 m i l l i o n in 1995. E a r n i n g s p e r s h a r e of U S $ 0 . 4 4 w e r e u p 12.8%, c o m p a r e d to U S $ 0 . 3 9 p e r s h a r e o n e y e a r earlier. Y e a r - e n d b a c k l o g of U S $ 2 1 0 . 5 million, a n d b o o k i n g s for t h e y e a r of U S $ 3 3 4 . 8 million, w e r e u p 2 0 . 0 % a n d 19.4%, r e s p e c t i v e l y , from one y e a r earlier. B o o k i n g s of U S $ 1 0 7 . 7 m i l l i o n for t h e f o u r t h q u a r t e r w e r e a l s o a r e c o r d for t h e C o m p a n y . For further information, contact: Ionics Inc, PO Box 9131, Watertown, MA 02272-9131, USA. Tel: +1 617 926 2500; Internet address: http: / /www.ionics.corn.
MiUipore acquires A m i c o n and Tylan General Millipore C o r p o r a t i o n h a s c o m p l e t e d t h e a c q u i s i t i o n of two n e w c o m p a n i e s - - A m i c o n B i o s e p a r a t i o n s a n d Tylan General. Millipore's f o u r t h q u a r t e r e a r n i n g s p e r s h a r e , e x c l u d i n g a n o n - r e c u r r i n g c h a r g e , w e r e $ 0 . 5 5 , u p 8% in 1996 from t h e s a m e p e r i o d l a s t year. T h e p r e - t a x , n o n - c a s h c h a r g e of $ 6 8 m i l l i o n ($1.21 p e r s h a r e a f t e r tax) w a s r e l a t e d to t h e o n e - t i m e w r i t e - o f f of i n - p r o c e s s research and development associated with the a c q u i s i t i o n of t h e A m i c o n B i o s e p a r a t i o n s b u s i n e s s c o m p l e t e d in t h e f o u r t h q u a r t e r . F o r t h e full year, earnings per share, excluding the non-recurring c h a r g e , w e r e $2.20, u p 16%. F o u r t h q u a r t e r r e v e n u e s w e r e $151 million, d o w n 2% f r o m t h e s a m e p e r i o d l a s t year. F o r t h e full year, r e v e n u e s w e r e $ 6 1 9 million, u p 4%. W h e n m e a s u r e d in local c u r r e n c y , r e v e n u e s w e r e u p 1% for t h e f o u r t h q u a r t e r a n d 10% for t h e year. For further information, contact: MiUipore Corporation, Bedford, MA, USA. Tel: +1 617 533 2032.
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