Breaking News

Del Labs Reports First Quarter Results

November 15, 2005

Uniondale, NY-based Del Laboratories reported net sales for the first quarter of 2004 were $83.06 million, an 11% decrease compared to first quarter 2003 net sales of $93.3 millon.
The decline in net sales was attributed to production start-up problems in connection with the transfer of manufacturing operations from Farming-dale, NY to Rocky Point, North Carolina, which adversely impacted order fulfillment, according to executives. Net earnings for the first quarter of 2004 were $680,000, or $0.07 per basic share, compared to net earnings of $4.3 million, or $0.45 per basic share in the first quarter of 2003.
Company executives said the production issues are being addressed and the company anticipates that during the second quarter, production efficiencies and order fulfillment will approach pre-relocation levels.
“We are in the process of resolving the issues and expect improvements during the current quarter,” said Dan K. Wassong, chairman, president and chief executive officer, Del Laborato-ries. “We look forward to the improved operating efficiencies and cost savings the consolidation of our principal manufacturing operations with our distribution facility should generate as the year progresses.”
  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Cashing In on Coconuts

    Cashing In on Coconuts

    Melissa Meisel, Associate Editor||February 6, 2017
    Organic to Green is making waves for its new oils and eco-friendly packaging.

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.