NINE MONTHS ENDED

NINE MONTHS ENDED

 

Nov 9, 2012

OTC Disclosure & News Service

 

Wilmington, DE – The Board of Directors of Vulcan International Corporation at a Directors’ meeting held Friday, November 9, 2012 announced that revenues for the three months ending September 30, 2012 increased  to $1,321,443 from $1,233,415 for the three months ending September 30, 2011.  Net earnings for the three months ending September 30, 2012 were $349,804 compared to $7,749 for the three months ending September 30, 2011.  Earnings per common share for the three months ending September 30, 2012 were .38 cents compared to .01 cents for the three months ending September 30, 2011.  The revenues for the nine months ending September 30, 2012 decreased to $4,049,560 from $4,262,012 for the nine months ending September 30, 2011.  Net earnings for the nine months ending September 30, 2012 were $963,277 compared to $258,198 for the nine months ending September 30, 2011.  Earnings per common share for the nine months ending September 30, 2012 were $1.06 per share compared to $.28 per share for the nine months ending September 30, 2011.  Sales of the Company’s wholly-owned subsidiary manufacturing rubber and foam products in Clarksville, Tennessee decreased to $3,214,478 for the nine months ending September 30, 2012 from $3,245,277 for the nine months ending September 30, 2011.  At the same meeting, the Board declared a semi-annual dividend of  $.60 cents per share on the common stock of the Company, payable November 20, 2012 to shareholders of record November 9, 2012.  Vulcan International Corporation is the parent of three real estate companies located in Ohio, Michigan and Tennessee respectively and is also the parent of Vulcan Corporation, which is a manufacturer of rubber and foam products with a manufacturing plant in Tennessee.

 

Attribute to Benjamin Gettler, Chairman of the Board and C.E.O.