International Aluminum Corporation Announces Results for Quarter and Fiscal Year, Declares Dividend and Other Comments
23 Agosto 2004 - 12:26PM
PR Newswire (US)
International Aluminum Corporation Announces Results for Quarter
and Fiscal Year, Declares Dividend and Other Comments MONTEREY
PARK, Calif., Aug. 23 /PRNewswire-FirstCall/ -- International
Aluminum Corporation (NYSE:IAL) today announced results for the
quarter and fiscal year ended June 30, 2004 as follows: Quarter
Ended June 30 2004 2003 Net sales $59,316,000 $49,973,000 Income
from continuing operations $2,574,000 $1,546,000 Income (loss) from
discontinued operations -- (1,085,000) Net income $2,574,000
$461,000 Basic and diluted EPS: Continuing operations $.61 $.36
Discontinued operations -- (.25) Total $.61 $.11 Fiscal Year Ended
June 30 2004 2003 Net sales $213,034,000 $192,549,000 Income from
continuing operations $6,529,000 $4,426,000 Income (loss) from
discontinued operations 129,000 (1,697,000) Net income $6,658,000
$2,729,000 Basic and diluted EPS: Continuing operations $1.54 $1.04
Discontinued operations .03 (.40) Total $1.57 $ .64 The Company
also reported that at a Regular Meeting of the Board of Directors
held August 19th, the Company declared a regular quarterly cash
dividend of $0.30 per share payable October 11, 2004 to
shareholders of record as of September 20, 2004. C. C. Vanderstar,
Chairman and CEO of IAL commented: "We are pleased with the
progress made in increasing our customer base and our improved
operating performance, particularly in light of the unsettled
economic conditions which currently prevail. Over the last several
months, with the assistance of our financial advisor, The Seidler
Companies, we have been exploring potential avenues to maximize
shareholder value, including the possible sale of the Company.
These efforts have not generated an offer or expression of interest
that, in the opinion of IAL's Board of Directors, fairly values the
Company. While we will continue our efforts to enhance shareholder
value and remain open to reasonable offers, the Company's focus
will be on continued improvement in our operating performance and
increasing market share. DATASOURCE: International Aluminum
Corporation CONTACT: David C. Treinen, President, or Mitchell K.
Fogelman, Senior Vice President-Finance, both of International
Aluminum Corporation, +1-323-264-1670
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