USA: Liqui-Box Announces 3rd Quarter Results
Citing a generally down year in certain customer segments of the bottled water market compared to last year, as well as continued high raw material prices, Liqui-Box Corporation (Nasdaq:LIQB) today announced earnings of $4,449,000 for the third quarter of 2000 compared to $5,811,000 for the same period in 1999 on sales of $43,440,000 vs. sales of $44,327,000 a year ago. Earnings per share decreased to $1.01 from $1.29, a 22% decrease. S. B. Davis, Chairman and CEO said that although the results may reflect some industry conditions, he was not happy with the performance for the year, and that appropriate operational changes will be made to improve the situation. "We have a history of growth and improvement, and it is our job to continue that trend regardless of market conditions," Davis said. "While we have made some changes already, it is clear we need to make some more, and we will do so." "While the figures don't indicate it yet, we have made a good deal of progress in improving the operations. However, I am not happy with the top line, and it is time to address that aggressively," Davis said. Liqui-Box is traded on The NASDAQ Stock Market under the symbol LIQB.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Interview Berry Bros & Rudd CEO Dan Jago - Part I
- The threat of excess choice in beer is over-stated
- Key trends for the spirits sector in 2017 - Focus
- Signs of life in Japan's beer market - Comment
- Interview Berry Bros & Rudd CEO Dan Jago - Part II
- Pernod Ricard's Method and Madness Irish whiskey
- Pernod unveils new St Patrick's Day Jameson bottle
- Diageo faces US$68m payout after SAP court loss
- Wm Grant names Victor Jerez business director
- Premium to counter mainstream in gin - research
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends