Ocean Bio-Chem Inc. Reports Sales Results for the Fourth Quarter and Full Year of 2012; reaffirms Customer's Sales Guidance for the Fiscal 2013
For the full year, sales topped $31 million, down slightly from 2011 because of a decrease in sales to a major customer in 2012.
The company still fully expect this customer's sales to increase in 2013 as their inventory carrying levels have now been adjusted. The sales decrease in this customer's purchasing was fully offset with increased sales to other customers in the second half of 2012.