From GlobeNewswire: 2024-11-08 09:00:00

United-Guardian, Inc. (NASDAQ:UG) reported an increase in sales from $8,278,141 in 2023 to $9,705,262 in 2024 for the first nine months. Net income also rose from $1,843,931 to $2,747,151 for the same period. The third quarter saw steady sales but an increase in net income compared to 2023.

Sales of cosmetic ingredients for United-Guardian grew by 8% in the third quarter and 68% for the first nine months of 2024. Medical lubricant sales decreased by 2% in the third quarter but increased by 4% for the first nine months. Pharmaceutical sales are recovering from a supply disruption, leading to a 6% decrease in the third quarter.

United-Guardian manufactures cosmetic ingredients, pharmaceuticals, medical lubricants, and sexual wellness ingredients. The company’s President, Donna Vigilante, highlighted the growth in sales and earnings for the third quarter and first nine months of 2024 compared to 2023. Sales to the largest cosmetic distributor drove the overall increase in sales.

Financial results for the three months ended September 30, 2024, showed net sales of $3,060,113, with a net income of $865,484. For the nine months ended September 30, 2024, net sales were $9,705,262, with a net income of $2,747,151. Earnings per share for the nine-month period were $0.60.



Read more at GlobeNewswire:: United-Guardian Reports Increased Third Quarter Earnings