United-Guardian reports Q1 net sales down 34% YoY; EPS $0.16 vs $0.20

UNITED GUARDIAN INC

Net sales $2.57M, down 34% from $3.89M in Q1 2022.
Net income $756K ($0.16 per share), down 17% from $911K ($0.20).
Decline driven by lower cosmetic ingredient and medical lubricant sales; pharma and industrial products increased.
Main Lubrajel distributor saw decreased demand in China and Asia due to COVID-19 policies and destocking.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNITED GUARDIAN INC reported the first quarter of fiscal year 2023, which ended on March 31, 2023 results: revenue $2,570,324, net income $756,081 ($0.16 per share).

Period: the first quarter of fiscal year 2023, which ended on March 31, 2023
Revenue: $2,570,324
Net income: $756,081 ($0.16 per share)
Result: reported results

Exact text from the filing

for the first quarter of fiscal year 2023, which ended on March 31, 2023. Net sales decreased 34% compared to the prior year’s first quarter, decreasing from $3,892,358 to $2,570,324. Net income for the quarter decreased by 17% from $911,465 ($0.20 per share) in 2022 to $756,081 ($0.16 per share) this year. Beatriz Blanco, President of United-Guardian,

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Source: SEC EDGAR

accession 0001171843-23-003200

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