Citigroup Inc. 3% Min Coupon Principle Protected Note Based PR Gold (AMEX:MTY)
Historical Stock Chart
From Jun 2019 to Jun 2024
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