Ocean Bio-Chem, Inc. Reports Third Quarter and Nine Month Financial Results
Ocean Bio-Chem, Inc. (OBCI)
US:NASDAQ Investor Relations:
oceanbiochem.com/contact-us/shareholder-information.html
Company Research
Source: PR Newswire
FORT LAUDERDALE, Fla., Nov. 14, 2019 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI) announced today its financial results for the third quarter and the first nine months of 2019.For the three months ended September 30, 2019, net sales were approximately $12,503,000, compared to net sales of approximately $13,182,000 for the three months ended September 30, 2018, a decrease of approximately $679,000 or 5.2%.For the three months ended September 30, 2019, net income was approximately $1,125,000, compared to net income of approximately $1,272,000 for the three months ended September 30, 2018, resulting in a decrease of approximately $147,000 or 11.6%. Diluted earnings per share for the three months ended September 30, 2019, were $0.12 compared to $0.14 during the same period in 2018, a decrease of 12.5%.For the nine months ended September 30, 2019, net sales were approximately $32,529,000, compared to net sales of approximately $32,965,000 for the same period of 2018, a decrease of
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