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MTY Citigroup Inc. 3% Min Coupon Principle Protected Note Based PR Gold

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Share Name Share Symbol Market Type
Citigroup Inc. 3% Min Coupon Principle Protected Note Based PR Gold AMEX:MTY AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Marlton Technologies, Inc. Announces 3rd Quarter 2005 Results

31/10/2005 10:16pm

Business Wire


Citigroup Inc. 3% Min Coupon Principle Protected Note Based PR Gold (AMEX:MTY)
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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

1 Year Citigroup Inc. 3% Min Coupon Principle Protected Note Based PR Gold Chart

1 Year Citigroup Inc. 3% Min Coupon Principle Protected Note Based PR Gold Chart

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1 Month Citigroup Inc. 3% Min Coupon Principle Protected Note Based PR Gold Chart

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