ICS Magazine

Minuteman Reports Record Operating Results

October 30, 2000
Addison, Ill. (PRNewswire) -- Minuteman International, Inc. has reported record operating results for both the third quarter and the year to date. The company also increased its quarterly dividend, bringing its annualized yield to nearly 4.0 percent. The three months ended September 30, 2000 was the best third quarter in Minuteman's 20-year history. Profits were also the highest for any quarter. Net income reached $1,304,000, equal to $.37 per share, a 13.7 percent increase over the $1,147,000, or $.32 per share reported for the same quarter a year-ago. Sales rose 5.9 percent to $21,866,000, a record for any third quarter, compared with $20,653,000 for the third quarter of 1999.