NCH Reports Six Months Sales and Earnings

NCH Corporation, Dallas, today reported sales and earnings for the quarter and six months ended October 31, 2000. For continuing operations, net sales for the quarter ended October 31, 2000 were $172.3 million compared to $181.3 million reported last year. Operating income was $13.0 million compared to $14.3 million last year. Income from continuing operations for the quarter was $10.2 million compared to $7.9 million in the same quarter last year. Basic and diluted earnings per share from continuing operations for the second quarter were $1.92 compared to $1.46 in the prior year.

In the second quarter the assets of a subsidiary were sold resulting in a pre tax gain of $5.1 million and undeveloped land was sold for a pre-tax gain of $.3 million.

For continuing operations, net sales for the six months were $353.6 million compared with the $365.6 million reported last year. Operating income was $25.7 million this year compared to $26.7 million last year. Income from continuing operations for the six months was $19.3 million compared to $14.3 million last year. Basic and diluted earnings per share from continuing operations for the six months were $3.61 compared to $2.65 last year.