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Del Labs’ 2Q Earnings Down Due to Operations Transfer

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By: TOM BRANNA

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Del Laboratories, Inc., Uniondale, NY, reported net sales rose 5.1% to $102.9 million, in the second quarter ended June 30. Net earnings for the quarter fell to $3.7 million from $4.9 million in 2003 due to higher production costs and start-up problems from the transfer of manufacturing operations from Farmingdale, NY, to Rocky Point, NC.Net sales for the first six months of 2004 were $186.0 million, down 2.8%. Net earnings for the first six months were $4.4 million, compared to $9.2 million in ...

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