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 |
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2012 $ |
2011 $ |
2012 $ |
2011 $ |
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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.
Contact Information:
Christopher S. Nutt
President and CEO
(905) 619-4202
invest@automodular.com