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CALGARY, ALBERTA, Nov 3, 2009 (Marketwire via COMTEX) --
PFB Corporation (TSX:PFB) reports its financial results for the three and nine month periods ended September 30, 2009, and declares regular quarterly dividend.
Results for the Three Month and Nine Month Periods Ended September 30, 2009
Consolidated net income for the three months ended September 30, 2009, was $1,594,000, basic earnings of $0.24 per share, compared to net income of $1,080,000, basic earnings of $0.16 per share reported in the comparative three months of 2008. Sales were $18,834,000 in the third quarter of 2009 as compared to sales of $24,625,000 in the third quarter of 2008, a decrease in sales of $5,791,000 or 23.5%.
Consolidated net income for the nine month period ended September 30, 2009 was $2,510,000, basic earnings of $0.38 per share, as compared to net income of $1,137,000, basic earning of $0.17 per share in the comparative nine months in 2008. Sales in the nine month period ended September 30, 2009 were $50,074,000 as compared to sales of $60,836,000 in the nine months ended September 30, 2008, a decrease in sales of $10,762,000 or 17.7%.
Quarterly Dividend Payment
The Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on November 30, 2009, to shareholders of record on November 13, 2009.
About PFB
PFB Corporation is a vertically integrated manufacturer of insulating building products that are marketed across North America under four brands. Plasti-Fab, EPS Product Solution(R) are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems(R) are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. Insulspan(R) Structural Insulating Panels Systems (SIPS) are used to create a building's structural wall frame and to replaces trusses on roof systems to form an energy-efficient structural envelope. Riverbend(R) Timber Framing manufactures and sells precision-cut, custom-crafted solid timbers to exacting standards which are delivered to customer's jobsites as ready-to-assemble building packages in conjunction with 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 Corporation's interim unaudited consolidated financial statements and MD&A for the third quarter of fiscal 2009 will be posted on SEDAR (www.sedar.com) by November 14, 2009.
SOURCE: PFB Corporation
PFB Corporation Stephen P. Hardy Vice President & CFO (403) 569-4303 (403) 569-4075 (FAX) PFB Corporation 100, 2886 Sunridge Way NE Calgary, Alberta T1Y 7H9
Tags: commercial dividend earnings energy eps financial results manufacturer north america products residential sales standards structural timber
CALGARY, ALBERTA, Aug 27, 2009 (Marketwire via COMTEX) --
PFB Corporation (the "Company") (TSX:PFB) announced today that it will be proceeding with a normal course issuer bid to purchase, through the facilities of the Toronto Stock Exchange (TSX), up to a maximum of 328,537 of its common shares, representing 5% of PFB Corporation's issued and outstanding common shares, which, as of the date hereof, is 6,570,736, subject to a daily maximum of 1,000 common shares. Purchases by PFB Corporation can commence on August 31, 2009 and will end no later than August 30, 2010.
PFB Corporation will pay the market price for its common shares on the TSX at the time of acquisition and no purchases will be made other than by means of open market transactions during the period the normal course issuer bid is outstanding. As of today, PFB Corporation has purchased 1,800 Common Shares at an average weighted price of $3.88 per share during the past 12 months under their current normal course issuer bid, which is set to end on August 27, 2009.
PFB Corporation believes that the common shares may from time to time be undervalued and may not reflect the financial strength and net asset value of the Company. All common shares purchased under the issuer bid will be cancelled, increasing the respective proportionate share interests of all remaining shareholders. The funding for any purchases of Common Shares pursuant to the normal course issuer bid will be financed out of working capital.
About PFB
PFB Corporation is a vertically integrated manufacturer of insulating building products that are marketed across North America under four brands. Plasti-Fab, EPS Product Solution(R) are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems(R) are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. Insulspan(R) Structural Insulating Panels Systems (SIPS) are used to create a building's structural wall frame and to replaces trusses on roof systems to form an energy-efficient structural envelope. Riverbend(R) Timber Framing manufactures and sells precision-cut, custom-crafted solid timbers to exacting standards which are delivered to customer's jobsites as ready-to-assemble building packages in conjunction with Insulspan SIPS for the walls and roof, and Advantage ICFS for the building's foundations.
SOURCE: PFB Corporation
PFB Corporation Stephen P. Hardy Vice President & CFO (403) 569-4303 (403) 569-4075 (FAX) PFB Corporation 100, 2886 Sunridge Way, N.E. Calgary, Alberta T1Y 7H9
Tags: acquisition commercial energy eps manufacturer market north america products residential standards structural timber
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CALGARY, ALBERTA--(Marketwire - July 30, 2009) - PFB Corporation (TSX:PFB) reports its financial results for the three and six month periods ended June 30, 2009, and declares regular quarterly dividend. Results for the Three Month and Six Month Periods Ended June 30, 2009 Consolidated net income
CALGARY, ALBERTA--(Marketwire - May 1, 2009) - PFB Corporation (TSX:PFB) reports its financial results for the first quarter ended March 31, 2009, and declares regular quarterly dividend. Results for First Quarter Ended March 31, 2009 PFB Corporation reports a consolidated loss for the three months
CALGARY, ALBERTA--(Marketwire - March 4, 2009) - PFB Corporation (TSX:PFB) reports its financial results for the three month period and year ended December 31, 2008. Results for the Three Month Period and Year Ended December 31, 2008 Consolidated net income for the year ended December 31, 2008 was
As of today, PFB Corporation has purchased 1,800 Common Shares at an average weighted price of $3.88 per share during the past 12 months under their current normal course issuer bid, which is set to end on August 27, 2009.
Total : 711 View more »
PFB Corporation are leaders in Insulating Building Products. PFB creates Proprietary insulating building products, produced from expanded polystyrene (EPS) that can be integrated ...
PFB Corporation. The Group's principal activity is to manufacture plastic foam products. The Group's Plasti-Fab division operates manufacturing and sales facilities in the ...
http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C124FB000
PFB Corporation, 2008 Sustainability Report ... The 2008 PFB Sustainability Report is now available for download. See for yourself how PFB Supports Sustainability.
CALGARY, ALBERTA--(Marketwire - Aug. 27, 2009) - PFB Corporation (the 'Company') (TSX:PFB) announced today that it will be proceeding with a normal course issuer bid to purchase ...
http://www.marketwire.com/press-release/Pfb-Corporation-TSX-PFB-1036712.html