United-Guardian Q2 2024 Sales Rise 28% to $3.39M, Net Income More Than Doubles to $956K

UNITED GUARDIAN INC

Net income for Q2 2024 was $956,225 ($0.21 per share) vs. $461,094 ($0.10 per share) in Q2 2023.
Cosmetic ingredient sales surged 84% in Q2 and 115% for the first six months of 2024.
Medical lubricant sales increased 15% in Q2 and 9% for the first half of 2024.
Pharmaceutical sales rose 3% in Q2 but fell 13% for the six months due to Renacidin contract manufacturer shutdown; production resumed late March.
Six-month sales reached $6.65 million and net income was $1.88 million, up from $5.22 million and $1.22 million a year earlier.

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