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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000101295-04-000007.txt : 20040809
<SEC-HEADER>0000101295-04-000007.hdr.sgml : 20040809
<ACCEPTANCE-DATETIME>20040809152601
ACCESSION NUMBER:		0000101295-04-000007
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040805
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED GUARDIAN INC
		CENTRAL INDEX KEY:			0000101295
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		IRS NUMBER:				111719724
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10526
		FILM NUMBER:		04961125

	BUSINESS ADDRESS:	
		STREET 1:		230 MARCUS BLVD
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
		BUSINESS PHONE:		631-273-0900

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 18050
		STREET 2:		230 MARCUS BLVD.
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED INTERNATIONAL RESEARCH INC
		DATE OF NAME CHANGE:	19820422
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>q2_2004earningsrelease-8k.txt
<DESCRIPTION>FORM 8-K FOR 2ND QUARTER 2004 EARNINGS RELEASE
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                 --------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934


Date of report (Date of earliest event reported): August 5, 2004


                              UNITED-GUARDIAN, INC.
               --------------------------------------------------
               (Exact name of Registrant as Specified in Charter)


          DELAWARE                       1-10526                  11-1719724
 ---------------------------     ----------------------          ------------
(State or Other Jurisdiction    (Commission File Number)        (IRS Employer
     of Incorporation)                                       Identification No.)


   230 Marcus Boulevard, Hauppauge, New York                        11788
- ------------------------------------------------                   --------
   (Address of Principal Executive Offices)                       (Zip Code)



Registrant's telephone number, including area code: (631) 273-0900
                                                    --------------

                                 Not Applicable
           -----------------------------------------------------------
          (Former name or former address, if changed since last report)


Item 7.  Financial Statements and Exhibits.

         (c) Exhibits

             99.1 - Earnings release dated August 5, 2004 for the fiscal quarter
                    ended June 30, 2004.

Item 12. Results of Operations and Financial Condition

     On August 5, 2004, United-Guardian,  Inc. issued a press release announcing
its financial results for the fiscal quarter ended June 30, 2004. A copy of that
press release is being furnished as Exhibit 99.1 to this Form 8-K.

     The  information  contained  in this Form 8-K and the  Exhibit(s)  attached
hereto  is being  furnished  pursuant  to "Item 12.  Disclosure  of  Results  of
Operations and Financial  Condition",  and shall not be deemed to be "filed" for
purposes  of  Section 18 of the  Securities  Exchange  Act of 1934 or  otherwise
subject to the  liabilities of that section or of Sections 11 or 12(a)(2) of the
Securities  Act of 1933,  as  amended.  Nor shall it be deemed  incorporated  by
reference in any filing with the  Securities  and Exchange  Commission,  whether
made before or after the date hereof,  except as shall be expressly set forth by
specific reference in such filing.

                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                 UNITED-GUARDIAN, INC.


                                 By:/s/ Kenneth H. Globus
                                 ------------------------
                                 Name:  Kenneth H. Globus
                                 Title: President

August 9, 2004

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>q2_2004earningsexhibit-8k.txt
<DESCRIPTION>2ND QUARTER 2004 EARNINGS RELEASE
<TEXT>
EXHIBIT 99.1
- ------------
                              UNITED-GUARDIAN REPORTS
                          STRONG SECOND QUARTER RESULTS

Hauppauge,  NY, August 5, 2004 - United-Guardian,  Inc. (AMEX:UG) reported today
that earnings for the first half of this year reached a new 6-month  record high
of $.28 per share,  exceeding  slightly the very strong  earnings posted for the
first six months of last year.  Earnings for the second  quarter  were  $672,297
($.14 per share) compared to $634,963 ($.13) for the comparable quarter of 2003.

Ken Globus, President of United-Guardian,  stated "We are very encouraged by the
continued strong sales we experienced in the second quarter. Even though revenue
for the 3 and 6 month periods was down slightly as compared to last year (due to
pipeline filling for some major new product  introductions  that occurred during
the first six months of last  year),  we were still able to exceed  last  year's
earnings.  Recently there have been several  exciting new product  introductions
using our  ingredients,  including the launching by a Canadian  company of a new
line of salon products that all prominently  feature our new Orchid Complex(TM).
We  believe  that this will give a real  boost to that  product  line.  Based on
feedback  from our marketing  partners,  we are expecting the second half of the
year to continue to be strong, and we have new product  introductions  scheduled
for later this year that should generate new sales for us in 2005".

United-Guardian is a manufacturer of cosmetic  ingredients,  personal and health
care products, pharmaceuticals, and specialty industrial products.

                                               Contact:    Robert S. Rubinger
                                                           Public Relations
                                                           (631) 273-0900

NOTE:  This  press  release   contains  both  historical  and   "forward-looking
statements" within the meaning of the Private  Securities  Litigation Reform Act
of 1995. These statements about the company's expectations or beliefs concerning
future events, such as financial  performance,  business prospects,  and similar
matters,  are being made in reliance upon the "safe  harbor"  provisions of that
Act.  Such  statements  are subject to a variety of factors that could cause our
actual results or performance to differ materially from the anticipated  results
or  performance  expressed or implied by such  forward-looking  statements.  For
further  information  about the  risks and  uncertainties  that may  affect  the
company's  business  please refer to the company's  reports and filings with the
Securities and Exchange Commission.
<page>

                   RESULTS FOR THE SIX AND THREE MONTHS ENDED
                         JUNE 30, 2004 and JUNE 30, 2003
<table>
<caption>
                                                 6 Months Ended June 30,            3 Months Ended June 30,
                                                ------------------------            -----------------------
                                                     2004           2003              2004            2003
                                                     ----           ----              ----            ----
<S>                                              <C>            <C>               <C>             <C>
Revenue                                          $ 5,990,071    $ 6,317,077       $ 3,022,968     $ 3,099,544
Costs and expenses                                 3,946,302      4,316,324         2,027,191       2,154,479
                                                   ---------      ---------         ---------       ---------
         Income from operations                    2,043,769      2,000,753           995,777         945,065
Other income:                                        106,395         79,639            49,320          39,898
                                                     -------         ------            ------          ------
         Income before income taxes                2,150,164      2,080,392         1,045,097         984,963
Provision for income taxes                           768,000        742,000           372,800         350,000
                                                     -------        -------           -------         -------
Net income                                       $ 1,382,164    $ 1,338,392       $   672,297     $   634,963
                                                   =========      =========           =======         =======
Earnings per share (Basic and Diluted)           $      0.28    $      0.27       $      0.14     $      0.13
                                                        ====           ====              ====            ====
</table>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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