August 5, 2006 |
Ceradyne Inc., a maker of ceramic parts used in the military, automotive and industrial industries, said its second-quarter profit more than doubled, driven by a sales surge. The Costa Mesa-based company also said it would review stock option grants going back to 1997, after concerns were raised by non-regulatory parties. Net income rose to $30 million, or $1.10 a share, from $11.4 million, or 46 cents, a year earlier. Revenue jumped 80% to $162 million from $89.9 million a year earlier.
February 13, 1996
Ceradyne Inc., completing its successful conversion from a military-dependent contractor to a diversified supplier of high-tech ceramic products, reported its first profit in five years for 1995 on record sales. The company posted net income of $2.1 million, or 31 cents a share, for 1995, contrasted with a net loss of $1.9 million, or 30 cents a share, for 1994. Sales rose 30% to $23.4 million from $18 million.
January 13, 2001 |
Ceradyne Inc., experiencing growing demand for its advanced ceramics technology, expects to post strong gains in earnings and sales for the fourth quarter, Chief Executive Joel Moskowitz said Friday. He said the Costa Mesa company will post earnings of 14 cents a share on sales of $11.6 million for the three months. Analysts were estimating earnings of 13 cents a share, according to a First Call/Thomson survey.
July 19, 1994
A major shareholder in Ceradyne Inc., upset with continued losses at the maker of industrial ceramic components, voted against the company's slate of board nominees Monday to add its own director to the board. R.B. Haave Associates Inc., a New York investment adviser, elected William Lamphear as its representative on the board at Monday's annual meeting of shareholders.
June 29, 1992 |
Nature of Business: Manufactures and markets technical ceramics Total employees: 250 In Orange County: 140 Stock listing in The Times: On NASDAQ as "Cerdyn" Ticker Symbol: "CRDN" Friday's Close: $4.13 One-week Change: Down 50c Analyst Review: "Four years ago, Ceradyne's business was 100% defense; today it is less than 50%. Since the defense industry slow-down, Ceradyne shifted its focus to commercial endeavors. As a result, it is coming out of its earnings slump.