United-Guardian Q1 net sales up 13% to $3.89M, net income down 23% to $0.20 EPS; declares $0.37 dividend

UNITED GUARDIAN INC

2022-Q1 EPS reported $0.20 revenue$3,892,358

Net sales $3.89M (+13% YoY); net income $911K ($0.20 diluted EPS) vs $1.18M ($0.26) in Q1 2021.
Cosmetic ingredients sales up 27% YoY; pharmaceutical sales increased, medical products decreased.
Net income decline driven by drop in marketable securities value and higher raw material & shipping costs.
Declared $0.37/share dividend payable June 1, 2022, record May 23, 2022; marks 27th consecutive year.

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