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Glassmaster Co - Third Quarter Sales & Earnings

11 July 2000

Glassmaster Company reported sales for the third quarter ending May 28, 2000 were $6,259,009, an increase of 14.2% when compared with the same period last year, and a 16.4% increase compared to the previous quarter of the current fiscal year. Year to date sales of $15,925,525 are down 1.6% from last year. Monofilament sales increased 38.6% compared to the same quarter last year and the outlook is good for the fourth quarter. Glassmaster Company is a Lexington, South Carolina-based processor- fabricator of thermoplastic and thermoset plastic materials, where it manufactures extruded monofilaments including sewing thread, filaments for papermakers fabrics, trimmer, and fishing lines. The Company also manufactures specialty fiberglass products including the Glassmaster Composites Modular Building System.