Ocean Bio-Chem, Inc. (OBCI) Reports Record Net Income of Over $2M, Sales of $27.4M and EPS of $0.26 for 2010
Ocean Bio-Chem, www.oceanbiochem.com – the manufacturer/marketer of a panoply of highly recognized maintenance and care products designed for a variety of systems from marine, auto and sport vehicles, to RVs, outdoor power equipment and even lawn and garden, to name but a few, today reported record net income for the year and a second year in a row of record net sales (values expressed in comparison to 2009): • Net Income up 92% to over $2M • Net Sales up 11.2% to $27.4M • Basic EPS up 85.7% to $0.26 • Diluted EPS up 71.4% to $0.24 • Gross Margin…