Marlton Technologies, Inc. Announces 3rd Quarter 2005 Results
October 31 2005 - 5:16PM
Business Wire
Marlton Technologies, Inc. (AMEX:MTY) today reported results for
its third quarter ended September 30, 2005. Net sales of $24.7
million for the third quarter of 2005 grew 47.2% from $16.8 million
reported for the comparable 2004 period. Net income of $296,000
($.02 per fully diluted share) compared favorably to a loss of
$185,000 ($.01 per fully diluted share) reported for the third
quarter of 2004. The sales and profit increases were largely due to
incremental volume contributed by the Showtime business acquired on
March 15, 2005 and from new customers. For the first nine months of
2005, net sales of $69.5 million increased 24.4% from $55.9 million
reported for the corresponding prior year period. Net income
increased to $1.8 million ($.10 per fully diluted share) from $1.2
million ($.09 per fully diluted share) reported for the first nine
months of 2004. The sales increase was principally attributable to
incremental sales contributed by the Showtime business and new
customers, and the net income increase was largely due to higher
sales volume and improved gross profit margins. Marlton
Technologies, Inc., through its Sparks Exhibits & Environments
and Sparks Custom Retail subsidiaries, is engaged in the design,
marketing and production of trade show, museum, theme park and
themed interior exhibits, store fixtures, premium incentive plans,
corporate event, and point of purchase displays, both domestically
and internationally. This press release may contain forward-looking
statements which are subject to change as a result of various
factors, including without limitation the Company's ability to
control costs, the availability of financing, the effects of
competition and the effects of changes in the economy and
international affairs. Additional factors which could affect the
Company are set forth in the Company's Forms 10-K and 10-Q which
have been filed with the Securities and Exchange Commission. -0- *T
(In thousands except per share amounts) (UNAUDITED) (UNAUDITED) FOR
THE THREE FOR THE NINE MONTHS MONTHS ENDED ENDED SEPT. 30, SEPT.
30, SEPT. 30, SEPT. 30, 2005 2004 2005 2004 --------- ---------
--------- --------- NET SALES $24,723 $16,796 $69,528 $55,901
OPERATING PROFIT (LOSS) 445 (79) 2,206 1,557 OTHER EXPENSE (149)
(106) (402) (331) INCOME (LOSS) BEFORE INCOME TAXES 296 (185) 1,804
1,226 PROVISION FOR INCOME TAXES - - - - NET INCOME (LOSS) $ 296 $
(185) $ 1,804 1,226 WEIGHTED AVERAGE NUMBER OF COMMON SHARES: BASIC
12,940 12,845 12,940 12,845 DILUTED 17,249 12,845 17,249 14,019 NET
INCOME (LOSS) PER COMMON SHARE: BASIC $.02 $(.01) $.14 $.10 DILUTED
$.02 $(.01) $.10 $.09 *T
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