MONTREAL, Dec. 11 /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
third quarter ended October 31, 2007.
Revenues for the third quarter ended October 31, 2007 were $16.4 million,
a $255,000 (1.5%) decrease over the prior year's revenues for the same period
of $16.7 million. Revenues for the nine months ended October 31, 2007 were
$51.3 million, a $3.9 million (8.1%) increase over the prior year's revenues
for the same period of $47.4 million. The year to date growth is seen across
all divisions but is mainly attributed to continued success in sales of
Dectron pool dehumidification unit.
Gross profit in the third quarter increased by $383,000 to $4.6 million
from $4.2 million in the same quarter last year. For the nine-month period,
gross profit increased by $1.4 million to $13.8 million. As a percentage of
revenues, gross profit margin was at 27.9% (26.9% for the nine months) an
increase from the prior year's gross profit margin of 25.2% (26.2% for the
nine months). The gross profit margin improved through better pricing
strategies and productivity improvements offset in part by the appreciation of
the Canadian dollar versus the US dollar.
Selling expenses for the quarter increased by $175,000 to $1.9 million
(decreased by $29,000 to $5.5 million for the nine months ended October 31,
2007) compared to $1.7 million for the same quarter last year. General and
administrative expenses decreased slightly to $1.3 million for the quarter
ended October 31, 2007 from $1.4 million in 2006. For the nine month period
general and administrative increased $46,000 (1.2%) to $3.8 million. As a
percentage of revenues, selling, general and administrative expenses increased
in the quarter to 19.3% from 18.4% but decreased to 18.0% from 19.5% for the
nine month period.
Depreciation and amortization expenses decreased to $363,000 in the
quarter ending October 31, 2007 compared to $424,000 in 2006 due to lower
amortization of deferred charges. Financial expenses increased by $103,000 to
$450,000 ($1.1 million for the nine months) from $347,000 ($959,000 for the
Net earnings for the quarter ended October 31, 2007 increased to $416,000
(or $0.13 per share) compared to net earnings of $252,000 (or $0.08 per share)
in the corresponding quarter last year. Net earnings in the nine months period
ended October 31, 2007 increased to $1.7 million (or $0.52 per share) compared
to net earnings of $624,000 (or $0.20 per share) in the corresponding period
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; Renmark
Financial Communications: Tina Cameron: email@example.com; Henri
Perron: firstname.lastname@example.org; (514) 939-3989, Fax: (514) 939-3717,