encoree
13 년 전
Automodular Corporation ("Automodular" or "the Company") reports net earnings of $2.3 million or $0.12 per share for the three months ended September 30, 2011. For the nine months ended September 30, 2011 Automodular reports net earnings of $8.4 million or $0.42 per share.
The results for the three and nine month periods ended September 30, 2011 and 2010 are summarized below (all figures in '000s except per share):
Three months ended Nine months ended
September 30 September 30
2011 2010 2011 2010
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Sales $ 18,969 $ 19,062 $ 58,266 $ 69,403
Net earnings (loss) $ 2,331 $ (997) $ 8,429 $ 2,010
Per share $ 0.12 $ (0.04) $ 0.42 $ 0.08
Weighted average shares
outstanding 20,005 21,547 19,996 24,109
The Board of Directors has declared a total dividend of $0.10, composed of a special dividend of $0.05 and a regular quarterly dividend of $0.05 payable December 1, 2011 to shareholders of record November 17, 2011.
johnandle
13 년 전
I found news about Automodular corporation
The top performing sector over the past six months has been automobiles and parts companies, with the sector average gaining around 80% during this period. A related company I have been following closely is Inchcape (Epic: INCH), which is a leading, independent international automotive distributer and retailer operating in 26 mature and emerging markets.
Inchcape was hit extremely hard during the global downturn and the shares lost around 95% of their value from May 2007 to January 2009. As credit became scarcer and harder to access, sales dried up and several auto manufacturers were bailed out by various governments.
However, the group updated the market on the 20th October, with a better than forecast third quarter performance and raised its earnings estimate going forwards.
The car dealer said its full year results would be significantly better than expected, with third quarter turnover rising 2.2% compared with the second quarter, indicating that the market may be bottoming out. Full year pre-tax profits have also been raised from £120 million to £140 million in 2009, with 2010 expected to remain relatively static.
The company has benefited significantly from the governments car scrappage incentive, which helped stem the falling demand, although the underlying demand for new cars remained weak.
The group also benefited from increased market share across its broad geographic portfolio, with momentum improving in Hong Kong and Australia, where the economies are improving at a faster rate. The UK, Hong Kong and Australia account for more than half the group’s total sales.
An extensive restructuring program has also improved the company’s cost base over the past nine months, with 2350 jobs having been cut and the closure of 31 sites is forecast to enable the group to be broadly debt free by the end of 2009, compared to net debt of £408 million the year before.
~ Blue ~
13 년 전
2.5 MILLION NET PROFIT, 13 CENTS EARNING PER SHARES, 20 CENTS DIVIDEND
Automodular Corporation Second Quarter 2011 Results
Ajax - August 10, 2011
Automodular Corporation ("Automodular" or "the Company") reports net earnings of $2.6 million or $0.13 per share for the three months ended June 30, 2011. For the six months ended June 30, 2011 Automodular reports net earnings of $6.1 million or $0.30 per share.
The results for the first half of the year are summarized below (all figures in '000s except per share):
Three months ended June 30 Six months ended June 30
2011 2010 2011 2010
Sales $ 18,537 $ 25,540 $ 39,297 $ 50,341
Net earnings $ 2,550 $ 3,185 $ 6,097 $ 3,007
Per share $ 0.13 $ 0.13 $ 0.30 $ 0.12
Shares outstanding 20,005 25,412 19,991 25,412
Following a review of its Dividend Policy, Automodular will be resuming the payment of regular quarterly dividends at a rate of $0.05 per share. Automodular will also pay special dividends from time to time if cash surpluses grow beyond reasonably forecast needs.
The Board of Directors has declared a total dividend of $0.20, comprised of a special dividend of $0.15 and a regular quarterly dividend of $0.05 payable September 7, 2011 to shareholders of record August 24, 2011.
Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to Ford's Oakville Assembly Plant. The Company has two operating facilities and employs approximately 500 people.
For further information, contact:
Christopher Nutt
President
Automodular Corporation
(905) 619 4202
invest@automodular.com
http://www.automodular.com/media.php
~ Blue ~
13 년 전
Q2 out, EPS 13 cents. 20 cents DIVIDEND
Automodular Corporation Second Quarter 2011 Results
Ajax - August 10, 2011
Automodular Corporation ("Automodular" or "the Company") reports net earnings of $2.6 million or $0.13 per share for the three months ended June 30, 2011. For the six months ended June 30, 2011 Automodular reports net earnings of $6.1 million or $0.30 per share.
The results for the first half of the year are summarized below (all figures in '000s except per share):
Three months ended June 30 Six months ended June 30
2011 2010 2011 2010
Sales $ 18,537 $ 25,540 $ 39,297 $ 50,341
Net earnings $ 2,550 $ 3,185 $ 6,097 $ 3,007
Per share $ 0.13 $ 0.13 $ 0.30 $ 0.12
Shares outstanding 20,005 25,412 19,991 25,412
Following a review of its Dividend Policy, Automodular will be resuming the payment of regular quarterly dividends at a rate of $0.05 per share. Automodular will also pay special dividends from time to time if cash surpluses grow beyond reasonably forecast needs.
The Board of Directors has declared a total dividend of $0.20, comprised of a special dividend of $0.15 and a regular quarterly dividend of $0.05 payable September 7, 2011 to shareholders of record August 24, 2011.
Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to Ford's Oakville Assembly Plant. The Company has two operating facilities and employs approximately 500 people.
For further information, contact:
Christopher Nutt
President
Automodular Corporation
(905) 619 4202
invest@automodular.com