Tivoli Expects Reversal
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SANTA ANA — Tivoli Industries Inc., buoyed by increased sales of its specialty lighting products, expects to report net earnings of $50,000 to $70,000 for the fiscal fourth quarter ended Sept. 30, compared with a loss of $166,000 for the same period last year.
Tivoli Chairman and Chief Executive Terrence Walsh also said the company is actively shopping for an acquisition in 1997 to further expand its product offering and distribution channels. Sales are expected to rise 55% to $2.1 million from $1.35 million in the fourth quarter of 1995, Walsh said. He said the company had an order backlog of $500,000 on Sept. 30, a 75% improvement from last year.
Revenue for the fiscal first quarter ending Dec. 31 should rise about 30%, he said, with net income increasing as well.
The improved results stem from a combination of expanded product offerings and deeper penetration of its core markets of gambling casinos, theater chains, retail and commercial space, Walsh said.
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