Armor All Profits Rise Despite Flattened Sales
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Although sales of Armor All Products during the second quarter fell slightly flat, profits rose 5% to almost $2.9 million from $2.7 million a year ago.
Revenues for the quarter ended Sept. 30 were $18.9 million, down 1% drop from the $19.1 million for the like quarter last year.
Net income for the six-month period was up 21%, to $8.1 million from $6.7 million a year earlier. Revenues of $47.3 million were up 6% from the $44.5 million for the comparable period last year.
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