United-Guardian Reports 9-Month EPS of $.62

United-Guardian, Inc. UG reported today that sales and earnings both reached record levels for the first nine months of the year. Sales for the period were $11,159,860, a new 9-month record and an increase of 8.5% over the same period last year. Earnings for the period were $0.62 per share, which was an increase of $0.02 (3.3%) over last year, which is significant because in the second quarter the company had taken a one-time charge to earnings of $0.12 per share in connection with the termination of its defined benefit pension plan. For the three-month period ended September 30, 2010, sales reached $3,848,393, an increase of 13.4% over the same period last year and a new third-quarter sales record for the company. Earnings for the third quarter were $0.27 per share versus $0.22 per share in the third quarter of 2009, an increase of 22.7%.