Spectracide maker achieves record third quarterUnited Industries Corp., a leading manufacturer and marketer of consumer lawn and garden pesticides and household insecticides in the United States, today reported sales and operating results for the third quarter ended September 30, 2001. For the three months ended September 30, 2001, sales before promotion expense increased 18.5% to $60.5 million from $51.1 million for the three months ended September 30, 2000.
Bob Caulk, Chairman and CEO stated, "The Company achieved record third quarter sales. This strong third quarter essentially completes our 2001 season, which was characterized by considerable peaks and valleys. Seasonal weather patterns drove slightly lower than average demand and our retailers' emphasis on lower inventories put pressure on our top line. Nevertheless, I am pleased that United gained share of market in all key product categories. These gains were driven by good consumer acceptance of our Spectracide and Hot Shot product restages, excellent performance in specialty categories such as repellents and termiticides, and another season of outstanding in-store retail execution.