Volume 35, Number 1, January 2000

FinancialFlash

stock watch

The first week of the new millennium marked an even split among publicly-traded glass companies or companies that own glass concerns. Five companies saw increases while five posted dips in stock prices for the period between December 31 and January 7. The biggest winner was SunSource who saw a 24 percent increase, while the loser of the week was Dupont, who saw its stock drop 13 percent in the same time frame.any Close 5-Day Range 52-Week

Company Name  

Jan. 7 Dec. 31-Jan. 7  Range
 Apogee Enterprises 45/8 51/16-45/8 4.75-14.31
 Asahi 77.000 NA NA

Donnelly

13 14-13 12.12-17.50

 Dow Chemical

140  133 5/8 - 140 85.50-141.50

Dupont

411 3/16 48 1/4 - 411 3/16 36.00-70.93

 Dwyer Group (Owns the Glass Doctor)

2 1/4  2 5/16 - 2 1/4 1.68-3.25
  Flour City Int’l 4 3 5/8 - 4 1.31-5.31

Monsanto

38 3/8 35 7/16- 38 3/8 32.75-50.81
 PPG 64 1/8 62 9/16 - 64 1/8 47.93-70.75

SunSource (Owns Harding)

25 1/4 4 1/4 - 5 1/4 3.43-19.00

Vitro (Owns VVP America)

35 5 1/2 - 5 3.50-7.50

  If your company is publicly traded, please e-mail us at stock@glass.com, so we may add it to this monthly column.

Multi-Glass Reports Healthy Results

Multi-Glass International Inc., a fabricator and distributor of industrial and commercial construction products located in Etobicoke, Ontario, announced its results for the quarter ending September 30, 1999. Sales for the quarter were $6.2 million compared to $4.7 million for the same period last year—an increase of 32 percent. The sales for the nine-month period ended September 30, 1999, also increased to $13.2 million, compared with $10.7 million for the same period last year.

According to the company, Multi-Glass plans to expand its presence in North America through further acquisitions related to its core business.

Dwyer Group Posts
Third Quarter Results

The Dwyer Group Inc. (which owns the Glass Doctor franchise) has reported a net income of $1.1 million, or 16 cents per share for the nine months ending September 30, 1999, compared with a loss of $148,000, or two cents per share, for the comparable period last year. Net income for the third quarter of 1999 was $422,000, or six cents per share, compared with a loss of $288,000, or four cents per share, for the third quarter of 1998. Revenues for the third quarter of 1999 increased 28 percent to $3.9 million from $3.1 million the prior year.

SunSource Announces Cash
Distribution; Refinances Debt

SunSource Inc. has announced that a cash distribution has been declared by SunSource Capital Trust for the month of December 1999 in the amount of $.241667 for each Trust Preferred Security. The distribution was payable
January 3 to holders of record December 23, 1999.

Additionally, the company announced in late December that it successfully refinanced its $90 million bank revolving credit and $60 million senior notes with $155 million in senior secured credit facilities. The new debt arrangement has a five-year term.

USG

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