Flamemaster Reports Earnings For Six Months Ended March 31, 2004


SUN VALLEY, Calif., May 12, 2004 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) (OTCBB:PERF) today reported net income of $123,745 or $.08 per share on revenues of $1,231,140 for the quarter ended March 31, 2004, compared to net of $124,038 or $.09 per share on revenues of $1,231,958 in the year earlier period.

For the six month period ended March 31, 2004, revenues were $2,305,701 compared to $2,408,415 in the year earlier period. Net income for the six months was $196,439 or $.13 per share vs. $253,848 or $.18 per share.

The decline in earnings for the quarter and six-month period was due to higher health insurance costs and increased reporting requirements of the SEC and Nasdaq.

Flamemaster is a Southern California-based specialty chemicals manufacturer of high performance sealants, adhesives and coatings.

The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the company and reflect future business decisions, which are subject to change.



                                 Flamemaster Corporation
                                       (Unaudited)
                         Three months ended      Six months ended
                         ------------------     ------------------
                        3/31/04     3/31/03      3/31/04    3/31/03
                       ---------   ---------   ---------  ---------
 Revenues              1,231,140   1,231,958   2,305,701   2,408,415

 Income before income
  taxes                  177,102     193,521     302,975     393,466

 Income taxes             53,357      69,483     106,536     139,618

 Net income              123,745     124,038     196,439     253,848
                       ---------   ---------   ---------   ---------
 Net income per share,
   basic & diluted          $.08        $.09        $.13        $.18


            

Mot-clé


Coordonnées