STOCK SYMBOL: PFB
CALGARY, April 22, 2016 /CNW/ - (TSX – PFB) PFB Corporation ("PFB" or the "Corporation") reports certain preliminary financial results for the first quarter ended March 31, 2016.
PFB expects for the three month period ended March 31, 2016, a preliminary consolidated loss of $155,000, $(0.02) per share as compared to a consolidated loss of $80,000, $(0.01) per share, in the comparative three month period of 2015. PFB expects consolidated sales to be approximately $19,157,000 in the first quarter of 2016 compared to sales of $17,532,000 in the first quarter of 2015, an increase of $1,625,000 or 9.3%.
The preliminary, unaudited results are based on management's initial review of operations for the quarter ended March 31, 2016 and remain subject to the completion of the Company's customary closing and review procedures. The final results are subject to Board approval.
PFB Corporation is a vertically integrated manufacturer of insulating building products that are marketed across North America under five brands. Plasti-Fab® EPS Product Solutions® are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems® are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. Insulspan® Structural Insulating Panels Systems (SIPS) are used to create structural walls and to replace trusses on roof systems to form an energy-efficient structural envelope. PFB Custom Homes Group includes Riverbend® Timber Framing, PrecisionCraft® Log &Timber Homes, Point Zero HomesTM and M.T.N. DesignSM. Each brand provides clients with our exclusive Total Home Solution® for building custom homes in the US, Canada and internationally that can include Insulspan SIPS for the walls and roof, and Advantage ICFS for the building's foundations.
PFB Corporation is listed for trading on the Toronto Stock Exchange, symbol PFB.
PFB's condensed interim consolidated financial statements and interim MD&A for the three month periods ended March 31, 2016 and 2015 will be posted on SEDAR (www.sedar.com) on or before May 30, 2016.
SOURCE PFB Corporation
Image with caption: "PFB (CNW Group/PFB Corporation)". Image available at: http://photos.newswire.ca/images/download/20160422_C4513_PHOTO_EN_673015.jpg
For further information: C. Alan Smith, Chief Executive Officer, PFB Corporation, #100, 2886 Sunridge Way NE, Calgary, Alberta, T1Y 7H9, (403) 569-4332, Tel: (403) 569 4303, Fax: (403) 569 4075