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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 Second Quarter 2005 Results

12/08/2005 9:37pm

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 second quarter ended June 30, 2005. Net sales of $26 million for the second quarter of 2005 grew 26.3%, and net income of $551,000 increased 8.7% from the results for the second quarter of 2004. Non-recurring facility relocation costs of $325,000 were expensed in the second quarter of 2005 in connection with the Showtime Enterprises, Inc. business acquired on March 15, 2005. For the first six months of 2005, net sales of $44.8 million increased 14.6% and net income of $1.5 million increased 6.8% above the results for the comparable 2004 period. The Company expensed non-recurring one-time relocation and transition costs of $0.6 million in the first half of 2005 related to the acquired Showtime Enterprises, Inc. business. These costs were partially offset by a net bad debt recovery of $0.4 million recorded in the first quarter of 2005. 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 SIX MONTHS MONTHS ENDED ENDED JUNE 30, JUNE 30, JUNE 30, JUNE 30, 2005 2004 2005 2004 -------- -------- -------- -------- NET SALES $25,959 $20,556 $44,805 $39,105 OPERATING PROFIT 703 641 1,761 1,637 OTHER (EXPENSE) (152) (134) (253) (225) INCOME BEFORE INCOME TAXES 551 507 1,508 1,412 PROVISION FOR INCOME TAXES -- -- -- -- NET INCOME $ 551 $ 507 $ 1,508 $ 1,412 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: BASIC 12,940 12,845 12,940 12,845 DILUTED 16,579 14,208 16,571 14,208 NET INCOME PER COMMON SHARE: BASIC $ 0.04 $ 0.04 $ 0.12 $ 0.11 DILUTED $ 0.03 $ 0.04 $ 0.09 $ 0.10 *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

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

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