Page 4 | CHEM-TEXTS | Vol. 3 No. 10
Sales Set Record; Profits Drop 10.5%
Sales of Uniroyal, Inc. set new records for the thirty-nine weeks ending September 28, 1969, but profits failed to keep pace with sales, and took a 10.5% drop.
Sales for the nine month period totaled $1,165,502,000, an increase of 9.9% compared with $1,060,659,000 reported for 1968. Profits, however, were $38,184,000, equivalent to $1.33 a share of common stock, 10.5% lower than the $42,650,000 or $1.55 a share for 1968.
The third quarter sales for 1969 were $368,869,000 compared to $341,874,000 for 1968 and net income was $8,292,000 equivalent to 27 cents a common share compared with $12,769,000 or 45 cents a share last year. Third quarter earnings in 1969 were based on a greater number of shares outstanding.
Profits were hurt by increasing inflationary factors, including rising costs for wages and raw materials, as well as higher interest rates on borrowed capital.
The Company also encountered abnormally high production costs for new tire constructions and greater start-up expenses for new and expanded production facilities.
Contact Lenses Are Unsafe
by Bob Shortt
Many employees are not fully aware of the dangers in wearing contact lenses in the plant.
Chemicals and dusts which enter the eye and work their way behind the lens cannot be washed out until the lens is removed. Very often permanent damage to the eye can result before this can be done.
There is a rule which is included in the Laboratory Safety Manual stating, Contact Lenses are not to be worn in the plant. For your own safety and to prevent injury to eyesight, it is extremely important to observe this rule.
Dividend Declared
Uniroyal declared a dividend of 17½ cents a share on its common stock. It will be payable December 24 to stockholders of record on November 24.
This payment will bring total dividends paid on the stock in 1969 to 70 cents a share.
Approximately 65% of the Naugatuck plant employees are stockholders or participants in the Stock Purchase Plan.
Clergy Visit Parishioners
During a recent plant tour, local clergy had a chance to see their parishioners at work. Taking a coffee break during the tour they chat with Neil Melore, Industrial Relations Supervisor. From left are John Letts YMCA Director, Rev. Clark Kuntz, Rev. Robert Hankins, Rev. James Dahlgren and Melore. With back to camera is Rev. Robert Baker.
Sabia, Buckingham Retire
Frank Sabia center, is congratulated by Kirk Kirkendall upon retirement after 27 years. Left to right are Ed Plocha, Kirkendall, Sabia, Don Fuller, and Mike Santone.
Ralph Buckingham is congratulated on his retirement by Sal Falcone. From left are Gene Reale, foreman, Tony Malone, Buckingham, Falcone, Tony Galletta and Ovila Fortier.
Luggage Ideal Xmas Gift
Smart looking luggage, ideal for Christmas gifts, is made from Kralastic® ABS, a tough impact resistant plastic, a product of the Chemical Division. Manufactured by several quality baggage companies, the cases can withstand the toughest abuse a traveller can give them.
Royalite® which is the Consumer and Industrial Division’s trademark for ABS sheet is only 40% the weight of aluminum and just one-seventh the weight of steel.
The attache case at top is a perfect gift for the businessman. On the wicker stool is a lightweight ladies overnight case. For travellers, the two suiter makes an excellent gift. The gun case on which the pretty model is standing demonstrates how tough this steel-like plastic is.
The Employees’ Salesroom at the Footwear plant carries most of the luggage which is available in a wide range of colors.
[Photo caption]: Model demonstrates the steel-like strength of Kralastic ABS, a plastic made by Uniroyal Chemical.
Latest News Bulletins Issued
To keep employees informed on the latest news in the Plant, in the Division and in Uniroyal, News Bulletins are now being issued weekly or semi-weekly. Watch for them on the Bulletin Boards at the three plant entrances, in the Plant, and in your department.
SAFETY IS MY RESPONSIBILITY
CHEM TEXTS
PUBLISHED BY THE INDUSTRIAL RELATIONS DEPARTMENT
UNIROYAL CHEMICAL, NAUGATUCK, CONN. 06770
EDITOR: William F. Lavelle.
UNIROYAL Chemical
Naugatuck, Connecticut 06770
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