Cleaning & Restoration Breaking News

Arrow-Magnolia Posts 2000 Results

March 14, 2001
/ Print / Reprints /
/ Text Size+
Substantial one-time expenses in the fourth quarter and exceptionally heavy demands on management’s time are blamed for the negatively affected sales.

Dallas, Texas (PRNewswire) -- Arrow-Magnolia International, Inc. says results for its fourth quarter and the year ended December 31, 2000 reveal that sales increased to $14.2 million from $14.0 million a year earlier. Net income was $951,000, or $.29 per basic share ($.26 diluted), compared with $1.0 million, or $.32 cents per basic share ($.29 cents diluted) in 1999.

For the fourth quarter, sales were $3.0 million compared to $3.1 million in the fourth quarter of 1999, and the company reported a net loss of $38,000, or $.01 per share, compared to net income of $70,000, or $.02 per share, basic and diluted, in the fourth quarter of 1999.

Morris Shwiff, Chairman of the Board, commented that the company incurred substantial one-time expenses in the fourth quarter related to a proposed merger plan that was terminated. He added that exceptionally heavy demands on management’s time negatively affected sales.

Arrow-Magnolia International, Inc. is a Dallas-based company engaged primarily in the manufacture and distribution of specialty chemical products, for use in cleaning and maintaining equipment, and generalized maintenance and sanitation products.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Have a limited marketing budget but realize the importance of neighborhood marketing? Try doorknob hangers, a low-cost, yet highly effective way to drum up more business. In this episode, John Braun discusses the value of this tactic as well as what you should include on the materials you're hanging.
More Podcasts

ICS Cleaning Specialist Magazine


2014 September

The September issue of ICS features stories on moisture detection, disinfectant services, neighborhood marketing, then we discuss the last level of being phenomenal, and cool products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.pngcrc logo