Financial

GenCorp., Fairlawn, Ohio, reported a third-quarter earnings improvement in 1999. Earnings were at
$0.53 per diluted share, compared to $0.42 per diluted share in the third quarter of 1998.Sales for
the third quarter totaled $459.4 million as compared to $443.1 million in 1998. Operating profit
totaled $43.9 million for the third quarter of 1999. This is a 22-percent increase from $36 million
in 1998.For the nine months ended August 31, earnings were at $1.56 per diluted share. This is an
increase of 24 percent over the $1.26 per diluted share in 1998. Sales for the nine months totalled
$1.39 billion, a 16-percent increase from $1.2 billion in 1998.With unusual items, earnings for the
third quarter totaled $0.48 per diluted share. This included the $2.8-million expense related to
the spin-off of the companys decorative and building products and performance chemical business
units into a separate publicly traded company, OMNOVA Solutions Inc. (See Dyeing,
PrintingandFinishing News, in this issue.)JPS Industries, Greenville, S.C., has announced the
results of the third quarter and nine months ended July 31, 1999.For the third quarter, net income
was $3.5 million, or $0.35 per diluted share, on sales of $69.5 million compared to a net income of
$939,000, or $0.09 per diluted share, on sales of $74.7 million for the third quarter of fiscal
1998.For the nine months, the company reported a net loss of $22.9 million, or $2.29 per diluted
share, on sales of $212.1 million compared to a net income of $5.5 million, or $0.55 per diluted
share, on sales of $249.1 million for the first nine months of 1998.NedGraphics Holding N.V., the
Netherlands, recently reported that net profits increased to EUR 769 thousand in the first half of
1999. This was a 48.7-percent increase from EUR 517 thousand in 1998.Revenue for the first half
1999 was EUR 9.7 million as compared to EUR 6.6 million in 1998. Gross margin increased by 61.9
percent to EUR 7.7 million. For the first half of 1999, earnings per share were EUR 0.41, an
increase of 32.3 percent from 1998.Speizman Industries Inc., Charlotte, N.C., recently reported the
results of its fourth quarter and its fiscal year, ended July 3, 1999.Revenues for the fourth
quarter were $30 million compared to $24.4 million in the fourth quarter of 1998.Earning for the
quarter totaled $610,000, or $0.19 per basic and diluted share. This is a decrease from $686,000 or
$0.21 per basic and $0.20 per diluted share for the fourth quarter of 1998.For the fiscal year,
revenues were $101.4 million as compared to $90.9 million in the prior fiscal year. The company
lost $253,000 or $0.8 per basic and diluted share. This was a decrease from earnings of $1,933,000
or $0.59 basic and $0.56 diluted per share.

November 1999

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