Company News, Financial News

Del Labs Reports First Quarter Results

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By: TOM BRANNA

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Uniondale, NY-based Del Laboratories reported net sales for the first quarter of 2004 were $83.06 million, an 11% decrease compared to first quarter 2003 net sales of $93.3 millon. The decline in net sales was attributed to production start-up problems in connection with the transfer of manufacturing operations from Farming-dale, NY to Rocky Point, North Carolina, which adversely impacted order fulfillment, according to executives. Net earnings for the first quarter of 2004 were $680,000, or $...

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