Breaking News

CPAC Expects Lower 3Q Earnings

December 8, 2000
/ Print / Reprints /
ShareMore
/ Text Size+
Leicester, N.Y. (PRNewswire) -- CPAC, Inc. says it expects earnings for its fiscal third quarter ending December 31, 2000 to be off compared with the same period last year, due to an unexpected decline in sales in both segments of its business. Third quarter earnings are expected to be in the range of $0.18 to $0.21 per diluted share, down from $0.25 per diluted share for the same period last year. CPAC consolidated net sales for the third quarter are expected to be down approximately 10% compared to 1999. The Company expects to release final third quarter numbers in early February 2001. Management stated that sales in the Fuller Brands segment are anticipated to be down approximately 12% due to an unexpected decline in sales in both the CTG commercial cleaning division and the Stanley Home Products direct selling business. CTG also received notice that a major customer has chosen another supplier, due to a change in its corporate policy.

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.

Multimedia

Videos

Image Galleries

The 2013 Experience Convention & Trade Show

A look back in photos at the 2013 Experience Convention & Trade Show in Las Vegas.

THE MAGAZINE

ICS Cleaning Specialist Magazine

cover_image

2014 April

Take a look at the April 2014 issue with features on air movers, going green, carpet cleaning and new products & technologies.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive

THE ICS STORE

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

ICS DIRECTORY AND BUYING GUIDE

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

Click here to view

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

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

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo