MONTREAL, June 14 /CNW Telbec/ - Dectron Internationale, Inc. (TSX: DTL),
a leader in the heating, ventilation and air conditioning, indoor air security
and water generation markets, announced today its financial results for the
first quarter ended April 30, 2007.
Revenues for the three months ended April 30, 2007 were $17.4 million, a
$1.6 million (9.8%) increase over the prior year's first quarter revenues of
$15.9 million. The growth is seen across all divisions but is mainly
attributed to sales of Dectron pool dehumidification unit.
Gross profit increased by $328,000 to $4.7 million from $4.4 million in
the same period last year. As a percentage of revenues, gross profit margin
was at 27.0% a decrease from the prior year's gross profit margin of 27.5%.
The gross profit margin was adversely affected by aggressive pricing
strategies in the Ecosaire/ Circul-aire markets as well as the mix due to
higher sales volume of sourced products at lower margins.
Selling expenses decreased by $71,000 to $1.9 million in the three months
ended April 30, 2007 compared to $2.0 million for the period ended April 30,
2005. As a percentage of revenues, selling expenses decreased to 11.2% from
12.7%. General and administrative expenses increased by $77,000 (6.5%) to
$1.3 million from $1.2 million for the period ended April 30, 2006. As a
percentage of revenues, general and administrative expenses actually decreased
to 7.3% from 7.7%.
Depreciation and amortization expenses decreased to $322,000 in the three
months ending April 30, 2007 compared to $414,000 in 2006 due to lower
amortization of deferred charges. Financial expenses increased slightly
($17,000) to $349,000 from $332,000.
Net earnings in the three months period ending April 30, 2007 almost
doubled to $555,000 (or $0.18 per share) compared to net earnings of $289,000
(or $0.09 per share) in the corresponding period in 2006.
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization)
is a non-GAAP measure used by many in the industry as a measurement of
operational performance. For the three month period ended April 30, 2007
EBITDA increased 32.0% over the previous year to $1.5 million from
$1.1 million last year.
This release contains forward-looking statements. These statements
involve a number of risks and uncertainties and actual results could differ
materially from those projected. These forward-looking statements regarding
future events and the future results of Dectron Internationale Inc. are based
on current expectations, estimates, forecasts, and projections about the
markets in which we operate and the beliefs and assumptions of our management.
Words such as "expects," "anticipates," "targets," "goals," "projects,"
"intends," "plans," "believes," "seeks," "estimates," variations of such
words, and similar expressions are intended to identify such forward-looking
statements. In addition, any statements that refer to projections of our
future financial performance, our anticipated growth and trends, and other
characterizations of future events or circumstances, are forward-looking
statements. Readers are cautioned that these forward-looking statements are
only predictions and are subject to risks, uncertainties, and assumptions.
Therefore, actual results may differ materially and adversely from those
expressed in any forward-looking statements. Readers are referred to the
cautionary statements and important factors discussed in our Annual
Information Form for the year ended January 31, 2007 for further information.
We undertake no obligation to revise or update publicly any forward-looking
statements for any reason, except as required by law.
Dectron Internationale, Inc. is a global provider of custom and
semi-custom IAQ (indoor air quality) and HVAC-R (heating, ventilation and air
conditioning and refrigeration) products and services to the building systems,
food processing, medical, petrochemical, and various industrial and commercial
markets. Established in Montreal, the Company has 460 employees in its
manufacturing facilities. Its shares are listed on the TSX (DTL).
For further information:
For further information: Dectron Internationale Inc., Glenn La Rusic,
Chief Financial Officer, firstname.lastname@example.org, www.dectron.com; Investors:
Renmark Financial Communications: Tina Cameron, email@example.com;
Henri Perron: firstname.lastname@example.org; (514) 939-3989, Fax: (514)