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Ocean Bio-Chem net income approximately $3.5 million

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Christian Fernsby ▼ | March 31, 2020
Ocean Bio-Chem announced its full year and fourth quarter 2019 financial results.
Ocean Bio-Chem
Ocean Bio-Chem   The company reported record net sales of approximately $42.3 million
The company's 2019 record net income was approximately $3.5 million, compared to 2018 net income of $2.8 million, an increase of approximately $700,000 or 25%.

Topics: Ocean Bio-Chem

Earnings per share for 2019 were $0.37 compared to $0.30 for 2018, an increase of 23%.

The company also reported record net sales in 2019 of approximately $42.3 million, compared to approximately $41.8 million for 2018, an increase of approximately $500,000.

Fourth quarter 2019 net sales were approximately $9.7 million, compared to fourth quarter 2018 net sales of approximately $8.8 million, an increase of approximately $900,000 or 10%.

Fourth quarter 2019 net income was approximately $649,000 compared to a net loss of approximately $122,000 in 2018, an increase of approximately $771,000.


 

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