CompuDyne Corp., whose seven businesses include Norment Security Group and SYSCO Security Systems, announces record revenues and earnings for the third quarter and nine months of 1999. Third-quarter revenues of $27.8 million were up 331 percent from $6.5 million in 1998; third-quarter net income of $654,000 was up 208 percent from $212,000; and third-quarter diluted earnings per share were 11 cents compared to 4 cents in the prior period. Revenue for the first nine months of 1999 was $775 million, up 338 percent from $17.7 million in 1998; net income was $1.7 million, an increase of 232 percent from $500,000; and diluted earnings per share rose to 29 cents compared to 11 cents. Most of CompuDyne’s increase in revenue was a result of its acquisitions of Norment/Northshield and Corrlogic.
Published: November 30, 1999