North Bergen, New Jersey 2/18/2010 9:48:28 PM
News / Business

Forecasts are sky-scraping for Hot Stock KMG Chemical Inc.

KMG Chemical Announces Quarterly Reviews and Net Worth.

KMG Chemicals, Inc., engages in the manufacture and sale of specialty chemicals principally in the United States and internationally. It offers high purity wet process chemicals that are used to clean and etch silicon wafers in the production of semiconductors… KMG Chemicals Inc. trades on the “NASDAQ” under the Stock Symbol”KMGB”. For the Latest information regarding “KMGB”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

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KMG Chemicals, Inc. (NASDAQ:KMGB), is a global provider of specialty chemicals in carefully focused markets, and has announced first round sales and earnings expectation for the second fiscal quarter ended January 31, 2010. KMG anticipates net income and earnings per share for the quarter to increase approximately 300% from the $903,000 or $0.08 per diluted share reported in the second quarter of last year.

 

About KMG Chemical:

KMG Chemicals, Inc., through its subsidiaries, engages in the manufacture and sale of specialty chemicals principally in the United States and internationally. It offers high purity wet process chemicals that are used to clean and etch silicon wafers in the production of semiconductors. The company also provides penta blocks, flakes, and solutions, as well as a byproduct of penta production that are used primarily to treat electric and telephone utility poles, protecting them from mold, mildew, fungus, and insects. In addition, KMG Chemicals sells creosote products as wood preservatives for railroad crossties and utility poles. Further, it offers animal health pesticides, including oral larvicides, ear tags, sprays, and dust products to protect cattle, swine, and poultry from flies and other pests. The company markets its pesticide products under the trade names of Avenger, Rabon, Ravap, Patriot, and Annihilator. It has a strategic partnership with AGRI Laboratories Ltd. to provide sales, marketing, and technical support for the company’s animal insecticide product line. The company was founded in 1992 and is based in Houston, Texas.

 

 

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Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

 

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