
By Marketwired . | Article Rating: |
|
May 8, 2014 02:36 PM EDT | Reads: |
258 |

AJAX, ONTARIO -- (Marketwired) -- 05/08/14 -- Automodular Corporation ("Automodular" or "the Company") (TSX:AM) reports net earnings of $3.2 million or $0.16 per share for the quarter ended March 31, 2014 compared to $3.6 million or $0.18 per share in the same period in 2013.
The results for the first quarter of the year are summarized below (all figures in '000s except per share amounts):
Three months ended March 31 2014 2013 $ $ ---------------------------------------------------------------------------- Sales 19,549 21,808 Net earnings 3,160 3,637 Per share (basic) 0.16 0.18 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
The Board of Directors has declared a regular quarterly dividend of $0.06 payable June 5, 2014 to shareholders of record as at May 22, 2014.
Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry - Ford Motor Company's Oakville Assembly Plant. The Company has two operating facilities and employs approximately 525 people.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company's periodic reports filed with the Canadian securities regulatory authorities and on SEDAR at www.sedar.com. Readers are cautioned not to rely on forward-looking statements. Except as required under continuous disclosure obligations, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Automodular does not provide financial outlooks.
Contacts:
Automodular Corporation
Christopher S. Nutt
President and CEO
(905) 619-4202
[email protected]
Published May 8, 2014 Reads 258
Copyright © 2014 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.
![]() Apr. 24, 2018 07:00 AM EDT Reads: 6,744 |
By Liz McMillan ![]() Apr. 24, 2018 07:00 AM EDT Reads: 5,356 |
By Liz McMillan Apr. 24, 2018 06:30 AM EDT Reads: 2,869 |
By Yeshim Deniz Apr. 24, 2018 05:15 AM EDT Reads: 1,524 |
By Elizabeth White Apr. 24, 2018 04:30 AM EDT Reads: 2,682 |
By Elizabeth White ![]() Apr. 24, 2018 03:15 AM EDT Reads: 5,503 |
By Pat Romanski ![]() Apr. 24, 2018 01:15 AM EDT Reads: 16,194 |
By SmartBear Blog ![]() Apr. 24, 2018 01:00 AM EDT Reads: 2,023 |
By Yeshim Deniz Apr. 24, 2018 01:00 AM EDT Reads: 2,447 |
By Liz McMillan ![]() Apr. 24, 2018 12:00 AM EDT Reads: 8,125 |
By Pat Romanski ![]() Apr. 23, 2018 11:30 PM EDT Reads: 2,000 |
By Pat Romanski Apr. 23, 2018 11:15 PM EDT Reads: 2,830 |
By Elizabeth White ![]() Apr. 23, 2018 11:00 PM EDT Reads: 1,184 |
By Elizabeth White ![]() Apr. 23, 2018 11:00 PM EDT Reads: 6,445 |
By Liz McMillan ![]() Apr. 23, 2018 10:45 PM EDT Reads: 7,027 |