The second quarter of
2003 -- traditionally the slowest quarter of the year for Interceramic -- saw a slight sales increase from the same period in 2002, but
not up to the company's expectations for the quarter, according to Interceramic.
Consolidated sales of $72.2 million for the second quarter of the year were 5.49 percent over second quarter sales of $68.4 million in 2002, but lower gross margin for the period resulted in gross income for the quarter
virtually identical to the same quarter in 2002. For the first six months of the year, consolidated sales were at $146.3 million compared to $145 million in the first semester of 2002.