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Ameron International Reports Strong Third-Quarter Earnings

27 September 2000

Ameron International Corporation today reported results for the third quarter ended August 31, 2000: Earnings per diluted share totaled $2.02 on sales of $133.1 million, compared to earnings of $1.98 per share on sales of $138.8 million for the third quarter of fiscal 1999. James Marlen, Ameron's Chairman, President and Chief Executive Officer, stated, "Ameron's third-quarter performance was encouraging, matching expectations and the strong prior-year results. Solid performances by the Fiberglass-Composite Pipe and Infrastructure Products Groups and joint ventures in the U.S. and Saudi Arabia contributed to Ameron's strong third-quarter earnings." The Fiberglass-Composite Pipe Group had higher sales and income in the third quarter due to the demand for oil field piping and the continued strength of Ameron's Asian operations.