United-Guardian reported second-quarter net sales of $3.11 million, up 10% from $2.84 million a year earlier, with net income increasing 16% to $728,579 and earnings per share rising 14.3% to 16 cents. Cosmetic ingredient sales jumped 44% year over year, driven primarily by increased purchases from Ashland Specialty Ingredients, while pharmaceutical sales grew 1% with Renacidin as the main driver. For the first half, net sales rose 12% to $5.98 million, net income advanced 30% to $1.55 million, and earnings per share increased 30.8% to 34 cents. Gross margin narrowed to 49.7% from 52.8% in the quarter as cost of sales rose 16.5%, but total other income increased 71.8% to $163,480, helping pretax income rise 16.1% to $917,605.
United-Guardian IncUnited-Guardian reported higher Q2 earnings and sales, with net income up 16% and EPS up 14.3%.
Ashland Global Holdings Inc