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FORT LAUDERDALE, Fla., Jan. 19, 2021 /PRNewswire/ Ocean Bio-Chem, Inc. (NASDAQ: OBCI) announced today record net sales for both the fourth quarter and the full year 2020. For the fourth quarter of 2020, net sales were approximately $12.9 million, compared to approximately $9.7 million for the fourth quarter of 2019, an increase of approximately 32% or $3.2 million.
For the full year 2020, net sales were approximately $55.6 million, compared to approximately $42.3 million for the full year 2019, an increase of also approximately 32% or $13.3 million.
(PRNewsfoto/Ocean Bio-Chem, Inc.)
Peter Dornau, President and CEO commented, This is the fifth consecutive year in a row that the Company had record fourth quarter net sales. The fourth quarter 2020 sales growth was primarily in both our chlorine dioxide product group of disinfectants and sanitizers including our branded Performacide