Santa Ana’s Microsemi Reports 33% Increase in Annual Earnings
Semiconductor supplier Microsemi Corp. posted higher net income and revenue for the fiscal year ended Sept. 29.
The company earned $8.1 million, or 98 cents a share, 33% higher than the $6.1 million, or 74 cents a share, posted for the previous year. Revenue gained 18% to $157.4 million from $133.9 million. Fourth quarter net income advanced 25% to $2.5 million, or 30 cents a share, from $2 million, or 24 cents a share, for the same quarter last year. Revenue was up 11% to $41.8 million from $37.6 million.
Urethane Technologies Inc.: The Orange producer of specialty chemicals and polyurethane systems said it lost $2.6 million, or 25 cents a share, for the third quarter, compared with a net loss of $354,888, or 3 cents a share, a year ago. Revenue increased 14% to $8.8 million from $7.7 million. The company said results for the quarter included noncash charges of $1.4 million, partially from revaluing inventory.
For the first nine months, the company reported a net loss of $3.4 million, or 32 cents a share, compared with a net loss of $281,684, or 3 cents a share, for the same 1995 period. Revenue rose 15% to $23.6 million from $20.5 million.
Chicago Pizza & Brewery Inc.: The Mission Viejo company, which had its initial public offering Oct. 15, reported a third quarter net loss of $308,000, or 8 cents a share, compared with a net loss of $430,000, or 12 cents a share, for the 1995 third quarter. Revenue climbed to $6 million from $2 million. For the first nine months, the company recorded a loss of $1.4 million, or 37 cents a share, compared with a net loss of $1.2 million, or 42 cents a share, for the first three quarters of 1995. Revenue rose to $14.3 million from $5.2 million.
The company’s California and Hawaii outlets, the majority of which operated under the “BJ’s Pizza & Grill” or “BJ’s Pizza, Grill & Brewery” name, had same-store sales increases of 6% for the third quarter, and 14% for the nine months of 1996. The company’s 19 Northwest outlets, which are operating as Pietro’s pizzerias while awaiting conversion to BJ’s restaurants, were not owned or operated by Chicago Pizza in 1995.
