ASV Reports Record Results for 2nd Quarter 2004; Sales Increase 48%, Earnings Per Share Increase 45%.
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ASV Reports Record Results for 2nd Quarter 2004; Sales Increase 48%, Earnings Per Share Increase 45%.
GRAND RAPIDS, Minn. -- ASV, Inc. (Nasdaq:ASVI) today reported record net sales of $39.1 million for the second quarter of 2004, compared with $26.4 million for the second quarter of 2003. Aided by an increased gross profit percentage, net earnings increased to a record level of $4.2 million, or $.32 per share, compared with $2.3 million, or $.22 cents per share, for the second quarter of 2003, despite a 26% increase in the number of diluted shares outstanding in the second quarter of 2004....
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