United-Guardian Q1 sales down 24% to $2.48M; net income falls to $0.12/share

UNITED GUARDIAN INC

Sales $2,481,127 vs $3,254,944 YoY; net income $560,895 ($0.12 EPS) vs $925,442 ($0.20 EPS).
Medical lubricant sales up 43%, pharmaceutical up 23%; cosmetic ingredients down 63%.
Cosmetic ingredient decline from reduced orders by Ashland Specialty Ingredients due to China inventory buildup.
Tariff announcements by U.S. government remain a concern; impact uncertain at this time.

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