Correcting Tabular Material in Special Devices Q3 1998 Earnings
1 September 1998
Correcting Tabular Material in Special Devices Third Quarter 1998 Earnings
In BW0109, (SPECIAL-DEVICES-INC) Announces Third Quarter 1998 Earnings, the tabular results for "Three Months Ended Aug. 3, 1997," were mistakenly repeated under the heading "Nine Months Ended Aug. 3, 1997." The corrected table follows in its entirety:
Special Devices Inc.
Summary Financial Information
(In thousands, except per-share data)
Three Months Ended Nine Months Ended
Aug. 2, Aug. 3, Aug. 2, Aug. 3,
1998 1997 1998 1997
Net Sales:
Aerospace $ 10,247 $ 6,330 $ 24,251 $ 18,221
Automotive 33,153 30,640 104,995 79,079
Total $ 43,400 $ 36,970 $129,246 $ 97,300
Gross Profit:
Aerospace $ 4,418 $ 1,842 $ 9,051 $ 5,490
Automotive 6,085 5,252 19,807 13,292
Total $ 10,503 $ 7,094 $ 28,858 $ 18,782
Operating Income:
Aerospace $ 2,770 $ 753 $ 5,000 $ 2,033
Automotive 4,535 3,794 14,795 9,514
Total $ 7,305 $ 4,547 $ 19,795 $ 11,547
Net Income $ 4,394 $ 2,795 $ 11,829 $ 7,172
Diluted net earnings
per share $ .54 $ .36 $ 1.46 $ .93
Diluted average
shares outstanding 8,156 7,761 8,091 7,742