Company News, Financial News

Chattem Reports Growth In Third Quarter

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By: TOM BRANNA

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Chattem, Inc., a marketer and manufacturer of branded consumer products, reported sales jumped 51% to $109 million for the third quarter ended Aug. 31. Net income for the quarter rose 7% to $16.3 million. For the nine months, sales rose 37% to $322.8 million. Revenue growth for both periods was driven by the five brands (including Act, Cortizone-10 and Balmex) acquired from Johnson & Johnson on Jan. 2. Net income was up more than 10% to $44.2 million. The financial boost was also assi...

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