H. Paulin & Co., Limited Financial Results For Period Ending September 30, 2012
TORONTO, Nov. 9, 2012 /CNW/ - At the H. PAULIN & CO., LIMITED Board of Directors meeting held November 9, 2012, the following financial results for the third quarter ended September 30, 2012 were released. Shown are 2011 comparisons.
| THIRD QUARTER ENDED SEPTEMBER 30TH | ||||
| 2012 | 2011 | |||
| Sales | $ | 35,130,000 | $ | 34,767,000 |
| Income Before Taxes | $ | 916,000 | $ | 1,190,000 |
| Net Income | $ | 701,000 | $ | 793,000 |
| Basic Earnings per share | $ | 0.21 | $ | 0.24 |
| Diluted Earnings per share | $ | 0.21 | $ | 0.24 |
The following results are for the nine months ended September 30, 2012. Shown are 2011 comparisons.
| NINE MONTHS ENDED SEPTEMBER 30TH | ||||
| 2012 | 2011 | |||
| Sales | $ | 113,921,000 | $ | 108,696,000 |
| Income Before Taxes | $ | 6,958,000 | $ | 4,880,000 |
| Net Income | $ | 5,068,000 | $ | 3,414,000 |
| Basic Earnings per share | $ | 1.54 | $ | 1.04 |
| Diluted Earnings per share | $ | 1.53 | $ | 1.03 |
The Board of Directors did not declare a dividend.
H. Paulin & Co., Limited is a leading Canadian manufacturer and merchandiser of bolts, nuts, screws and fluid system components for the retail hardware, industrial and automotive markets.
Additional information about H. Paulin & Co., Limited, including its Annual Information Form (AIF) and annual and interim consolidated financial statements, is available on the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.
H. PAULIN & CO., LIMITED
"Murray Mateyk"
_____________________
Murray Mateyk, Chief Financial Officer
SOURCE: H. Paulin & Co. Limited
For further information: 55 Milne Avenue
Toronto, ON M1L 4N3 Canada
Telephone (416) 694-3351 Fax (416) 694-2916
Toll Free 1-800-268-4000
Website www.hpaulin.com