SAN DIEGO ANNUAL MEETINGS : Humphrey Shareholders Told to Expect Good Year
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Although Humphrey Inc. absorbed a $380,000 fourth-quarter loss when the Air Force canceled a missile project, the company “came out in the best possible position” when it purchased the resulting excess inventory and began using it in existing programs, President Paul Humphrey told shareholders during Thursday’s annual meeting.
New contracts and a healthy backlog could boost the company’s revenues by at least 10% above last year’s $11.7 million in sales, Humphrey said.
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