If this is your first visit, please click the Sign Up now button to begin the process of creating your account so you can begin posting on our forums! The Sign Up process will only take up about a minute of two of your time.

Follow us on Facebook Follow us on Twitter
Results 1 to 3 of 3
  1. #1

    Fountain Powerboat Earnings

    Looks like sales are continuing to increase. Good news for the boating industry.

    05/08 12:07P (DJ) PRESS RELEASE: Fountain Powerboat Reports 3Q Results>FPWR
    Story 6791 (FPWR, I/ENT, I/MRE, I/REC, I/REQ, N/DJIN, N/DJN, N/CAC, N/CNW...)
    WASHINGTON, N.C.--(BUSINESS WIRE)--May 8, 2003--Fountain Powerboat
    Industries, Inc. (NASDAQ: FPWR), the leading manufacturer of high performance
    sport boats, fish boats, and express cruisers, announces results for the third
    quarter ended March 31, 2003.
    Net sales for the quarter were $12,783,311 up from sales of $10,739,593 for
    the third quarter of fiscal 2002. Net sales for the nine months of fiscal 2003
    ending March 31, 2003 were $37,799,524 up from sales of $25,669,980 for the
    same nine months of fiscal 2002, which exceeds net sales for the entire fiscal
    year of 2002.
    Operating income before other expenses and deferred tax expense for the
    quarter was $184,400, providing the third consecutive quarter with operating
    profit. Operating profit for the nine months was $1,647,179, resulting in
    operating earnings per share of $.35.
    Fountain Powerboats' net operating loss carry-forward will exempt the
    Company from incurring tax payments on its 2003 income. Earnings per share for
    the nine months, ending March 31, 2003, after non-operating expenses and
    before deferred taxes are deducted is $.19. As announced in our earlier press
    release, on this basis the Company expects to exceed projections of $.27 per
    share for earnings after non-operating expenses and before deferred taxes for
    fiscal 2003 ending June 30. Net earnings per share for the nine months ended
    March 31, 2003 was $.10 per share.
    President and CEO, Reginald Fountain says, "The primary focus of Fountain
    Powerboats continues to be growth and profitability, as is evinced by the
    results of the first three quarters of fiscal 2003. Continued sales
    improvement and cost reductions should provide the Company a profitable fourth
    quarter and profitable fiscal 2003."

    CONTACT: Fountain Powerboat Industries, Inc.
    Irving L. Smith, 252/975-2000

    SOURCE: Fountain Powerboat Industries, Inc.

    Today's News On The Net - Business Wire's full file on the Internet
    with Hyperlinks to your home page.

    (END) Dow Jones Newswires
    05-08-03 1207ET
    Additional Codes ( N/DJWB, N/DJWI, N/ERN, N/PRL, N/TPCT, M/CYC, M/NND,
    M/TPX, R/NC, R/NME, R/US, R/USS)

  2. #2
    Registered Jolley's Avatar
    My Boats:
    25 Ocean Express
    Join Date
    Jan 2002
    Cass Lake Michigan


    How much has that stock moved since your post last year about it being attractive? I 'shouda woulda' but didn't buy any then. Still thinking about adding some boating related stock to my 401(201)fund. Thanks Larry, Bill

  3. #3
    Fountain last reported on 3/24 PM, the stock closed @ 3.60 on 3/25, it topped @ 4.80 on 4/28 and is currently bid 3.89 ask 4.03.

    FPWR L - 3.88 Chg -0.07 B O 3.89 A P 4.03 S 4x1 V 4800 S BTC 0
    O 9:34 Opn 3.90 H 3.97 Lo 3.60 AH 4.80 AL 1.15 LTV 300
    C 3.95 EPS -1.01 PE NA Div 0.00 Yld 0.00 Ex **/**/**
    Bta 0.70 %Chg -1.77 CE NA FPE NA Dow Rtr FC Cap 0.018


Similar Threads

  1. New Fountain ad in Powerboat!!!!!!
    By JCPERF in forum Fountain
    Replies: 187
    Last Post: 09-20-2007, 06:13 PM
  2. Fountain earnings
    By TulsaLarry in forum General Boating Discussion
    Replies: 2
    Last Post: 02-10-2004, 11:14 AM
  3. Fountain earnings
    By TulsaLarry in forum General Boating Discussion
    Replies: 8
    Last Post: 09-18-2003, 05:42 PM
  4. Fountain Earnings
    By TulsaLarry in forum General Boating Discussion
    Replies: 1
    Last Post: 02-12-2003, 03:33 PM
  5. Fountain Earnings
    By TulsaLarry in forum General Boating Discussion
    Replies: 32
    Last Post: 10-02-2002, 06:27 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
All times are GMT -5. The time now is 12:27 PM.
Powered by vBulletin® Version 4.2.0
Copyright © 2016 vBulletin Solutions, Inc. All rights reserved.
Search Engine Optimization by vBSEO 3.6.1
Original Poster In Postbit provided by Original Poster In Postbit v1.0.0 (Free) - vBulletin Mods & Addons Copyright © 2016 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Copyright 2011 OffShoreOnly. All rights reserved.