Samuel’s acquisition strategy paying off

Oct 29, 2008 | 12:38 PM | Maria Guzzo

Business from new operations and higher prices offset weaker demand in the third quarter, helping Samuel Manu-Tech Inc., Toronto, post higher earnings results.

SAMUEL MANU-TECH INC. (in thousands except per share)  20082007 3rd qtr. ended Sept. 30 Net sales$265,639$226,663 Net income22,4307,800 Per share0.700.24 9 months ended Sept. 30 Net sales$753,174$690,506 Net income37,57824,021 Per share1.170.74Samuel Manu-Tech's net income totaled $22.4 million in the three months ended Sept. 30, nearly triple earnings of $7.8 million in the same period last year, on sales that rose 17.2....





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