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Chattem Posts Revenue Increase of 21% in First Quarter

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By: TOM BRANNA

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Chattem Inc., Chattanooga, TN, said revenues for first quarter ended Feb. 28 were $58.4 million, operating income was $12.5 million and income before accounting change was $4.6 million, representing increases of 21%, 47% and 93%, respectively, over the corresponding year-ago period results. Earnings per share for the fiscal 2003 first quarter were $.23, a 77% increase.The company said the 21% increase in total revenues for the first fiscal quarter of 2003 over the first quarter of 2002 was led b...

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