Financial News ... Noland Co.
Noland Co. ended the first half of 2004 with sales of $268.4 million, 15.3% higher than the $232.7 million recorded in the same period of 2003. First half net income rose 66% to $9.84 million, compared with $5.92 million the prior year. Chairman Lloyd Noland III said conditions were favorable for continued sales growth in the third quarter, but possibly at a slower pace. “Customer orders for future delivery are only modestly higher than a year ago,” he said, “but the current healthy level of housing construction suggests we will have ample opportunities in the short term.”