AJAX, ONTARIO--(Marketwire - Nov. 6, 2012) - Automodular Corporation (TSX:AM) ("Automodular") reports net earnings of $4.2 million or $0.21 per share for the three months ended September 30, 2012 compared to $2.3 million or $0.12 per share for the same three-month period ended September 30, 2011. For the nine months ended September 30, 2012 and 2011 Automodular reports net earnings of $12.3 million and $8.4 million or $0.61 and $0.42 per share, respectively.
The results for the first three quarters of the year are summarized below (all figures in '000s except per share amounts):
| |
|
Three months ended
September 30 |
|
Nine months ended
September 30 |
| |
|
2012
$ |
|
2011
$ |
|
2012
$ |
|
2011
$ |
| Sales |
|
35,359 |
|
18,969 |
|
88,878 |
|
58,266 |
| Net earnings |
|
4,243 |
|
2,331 |
|
12,262 |
|
8,429 |
| Per share - basic |
|
0.21 |
|
0.12 |
|
0.61 |
|
0.42 |
| Per share - diluted |
|
0.21 |
|
0.12 |
|
0.60 |
|
0.42 |
The Board of Directors has declared a total dividend of $0.26 composed of a regular quarterly dividend of $0.06 and a special dividend of $0.20 payable December 4, 2012 to shareholders of record November 20, 2012.
Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry - Ford Motor Company's Oakville Assembly Plant - and the renewable energy industry - Vestas Nacelles A/S. The Company has three operating facilities and employs approximately 560 people.