IBC Advanced Alloys Reports Financial Results for the Quarter Ended September 30, 2023
IBC Advanced Alloys Reports Financial Results for the Quarter Ended September 30, 2023
Highlights of the Quarter as Compared to the Prior-Year Period
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars.)
本季度與上年同期相比的亮點
（除非另有說明，否則本新聞稿中的所有財務金額均以美元表示。）
- Consolidated sales of $6.7 million were 12.5% higher than the prior-year period, with Copper Alloys division sales rising by 11.4% quarter-over-quarter ("Q/Q") and Engineered Materials ("EM") division sales higher by 15.5% Q/Q.
- Gross profit and gross margins improved Q/Q across both divisions largely due to stronger sales.
- Consolidated adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA") [1] in the quarter swung to a positive adjusted EBITDA as compared to the prior-year period. Adjusted EBITDA increased sharply in the quarter for Copper Alloys.
- On a consolidated basis, IBC incurred a loss in the quarter of $934,000 ($0.01 per share), as compared to a loss of $2 million ($0.02) in the quarter ended September 30, 2022.
- 合併銷售額爲670萬美元，比上年同期增長12.5％，其中銅合金部門的銷售額同比增長11.4％（“Q/Q”），工程材料（“EM”）部門的銷售額同比增長15.5％。
- 這兩個部門的毛利和毛利率均有所改善，這主要是由於銷售額的增長。
- 扣除利息、稅項、折舊和攤銷前的合併調整後收益（“調整後息稅折舊攤銷前利潤”）[1] 與去年同期相比，本季度調整後的息稅折舊攤銷前利潤轉爲正數。銅合金調整後的息稅折舊攤銷前利潤在本季度大幅增長。
- 合併計算，IBC在本季度虧損93.4萬美元（每股虧損0.01美元），而截至2022年9月30日的季度虧損爲200萬美元（0.02美元）。
FRANKLIN, IN / ACCESSWIRE / November 29, 2023 / IBC Advanced Alloys Corp. (" IBC " or the " Company ") (TSXV:IB);(OTCQB:IAALF) announces its financial results for the quarter ended September 30, 2023.
印第安納州富蘭克林/ACCESSWIRE/2023年11月29日/IBC Advanced Alloys Corp.（“IBC” 或 “公司”）（多倫多證券交易所：IAALF）；（OTCQB: IAALF）公佈了截至2023年9月30日的季度財務業績。
Consolidated sales rose to $6.7 million in the quarter, with both operating divisions booking higher revenue. Gross profit and gross margins also improved across both divisions, as did operating income and Adjusted EBITDA.
本季度的合併銷售額增至670萬美元，兩個運營部門的收入均有所增加。這兩個部門的毛利和毛利率也有所提高，營業收入和調整後息稅折舊攤銷前利潤也有所提高。
"I was very pleased to see stronger financial and operating performance over the prior-year quarter across both of our operating divisions," said Mark A. Smith, Chairman and CEO of IBC. "Demand remained strong in the quarter for our copper alloy products, and our Engineered Materials division improved largely due to more favorable pricing in commercial and defense markets for our products. The entire IBC team is working very hard to put the company on the path to sustained profitability, and I look forward to helping deliver that to both our shareholders and our employees."
IBC董事長兼首席執行官Mark A. Smith表示：“我很高興看到我們兩個運營部門的財務和運營業績在上一季度均表現強勁。”“本季度對我們銅合金產品的需求仍然強勁，我們的工程材料部門有所改善，這主要是由於我們的產品在商業和國防市場上更優惠的價格。整個IBC團隊都在努力使公司走上持續盈利之路，我期待着幫助我們的股東和員工實現這一目標。”
Consolidated Results
合併業績
| SELECTED RESULTS: Consolidated Operations ($000s) | |||||||||
| Quarter Ended 9-30-2023 |
Quarter Ended 9-30-2022 |
||||||||
Revenue |
$ | 6,667 | $ | 5,928 | |||||
Change |
12.5% | ||||||||
Operating (loss) 1
|
$ | (334) | $ | (1,422) | |||||
Adjusted EBITDA 1
|
$ | 119 | $ | (942) | |||||
Income (loss) for the period |
$ | (934) | $ | (2,014) | |||||
Income (loss) per share |
$ | (0.01) | $ | (0.02) | |||||
| 精選業績：合併業務（000美元） | |||||||||
| 季度已結束 9-30-2023 |
季度已結束 9-30-2022 |
||||||||
收入 |
$ | 6,667 | $ | 5,928 | |||||
改變 |
12.5% | ||||||||
經營（虧損） 1
|
$ | (334) | $ | (1,422) | |||||
調整後 EBITDA 1
|
$ | 119 | $ | (942) | |||||
該期間的收入（虧損） |
$ | (934) | $ | (2,014) | |||||
每股收益（虧損） |
$ | (0.01) | $ | (0.02) | |||||
Copper Alloys Division
銅合金部
Sales have increased in Copper Alloys in the current-year periods, as compared to the prior-year periods, primarily due to increased market demand for our products, especially from customers in the electronics sector that are manufacturing products related to the rapidly growing network connectivity of consumer goods and the transition to 5G networks. The division's gross margin also strengthened in the year to 17.6%, from 9.7% in the prior year's quarter. Operating performance has remained strong as the division continues to take advantage of lower costs and greater efficiencies resulting from its consolidated foundry and forge operations.
與去年同期相比，本年度銅合金的銷售額有所增長，這主要是由於市場對我們產品的需求增加，尤其是電子行業客戶的需求，這些客戶正在生產與快速增長的消費品網絡連接和向5G網絡過渡相關的產品。該部門的毛利率也從去年同期的9.7％提高到17.6％。由於該部門繼續利用整合鑄造和鍛造業務所帶來的更低成本和更高的效率，運營業績一直保持強勁。
| SELECTED RESULTS: Copper Alloys Division ($000s) | |||||||||
| Quarter Ended 9-30-2023 |
Quarter Ended 9-30-2022 |
||||||||
Revenue |
$ | 4,905 | $ | 4,402 | |||||
Change |
11.4% | ||||||||
Operating income (loss) 1
|
$ | 337 | $ | (135) | |||||
Adjusted EBITDA 1
|
$ | 479 | $ | 4 | |||||
Income (loss) for the period |
$ | 103 | $ | (230) | |||||
| 精選結果：銅合金部（000美元） | |||||||||
| 季度已結束 9-30-2023 |
季度已結束 9-30-2022 |
||||||||
收入 |
$ | 4,905 | $ | 4,402 | |||||
改變 |
11.4% | ||||||||
營業收入（虧損） 1
|
$ | 337 | $ | (135) | |||||
調整後 EBITDA 1
|
$ | 479 | $ | 4 | |||||
該期間的收入（虧損） |
$ | 103 | $ | (230) | |||||
Engineered Materials Division
工程材料部
Sales increased in the quarter ended September 30, 2023, largely due to more favorable pricing for the division's products in commercial and defense markets. The Engineered Materials division is continuing its efforts to improve yields.
截至2023年9月30日的季度銷售額有所增長，這主要是由於該部門產品在商業和國防市場上的定價更加優惠。工程材料部門正在繼續努力提高產量。
| SELECTED RESULTS: Engineered Materials Division ($000s) | |||||||||
| Quarter Ended 9-30-2023 |
Quarter Ended 9-30-2022 |
||||||||
Revenue |
$ | 1,762 | $ | 1,526 | |||||
Change |
15.5% | ||||||||
Operating income (loss) 1
|
$ | (330) | $ | (1,169) | |||||
Adjusted EBITDA 1
|
$ | (113) | $ | (894) | |||||
Income (loss) for the period |
$ | (480) | $ | (1,229) | |||||
| 已選結果：工程材料部 （000 美元） | |||||||||
| 季度已結束 9-30-2023 |
季度已結束 9-30-2022 |
||||||||
收入 |
$ | 1,762 | $ | 1,526 | |||||
改變 |
15.5% | ||||||||
營業收入（虧損） 1
|
$ | (330) | $ | (1,169) | |||||
調整後 EBITDA 1
|
$ | (113) | $ | (894) | |||||
該期間的收入（虧損） |
$ | (480) | $ | (1,229) | |||||
Full results can be seen in the Company's financial statements and management's discussion and analysis ("MD&A"), available at Sedar.ca and on the Company's website at .
完整業績可在公司的財務報表和管理層的討論與分析（“MD&A”）中查看，可在Sedar.ca和公司網站上查閱，網址爲。
NON-IFRS MEASURES
非國際財務報告準則指標
To supplement its consolidated financial statements, which are prepared and presented in accordance with IFRS, IBC uses "operating income (loss)" and "Adjusted EBITDA", which are non-IFRS financial measures. IBC believes that operating income (loss) helps identify underlying trends in the business that could otherwise be distorted by the effect of certain income or expenses that the Company includes in loss for the period, and provides useful information about core operating results, enhances the overall understanding of past performance and future prospects, and allows for greater visibility with respect to key metrics used by management in financial and operational decision-making. The Company believes that Adjusted EBITDA is a useful indicator for cash flow generated by the business that is independent of IBC's capital structure.
爲了補充根據國際財務報告準則編制和列報的合併財務報表，IBC使用了 “營業收入（虧損）” 和 “調整後的息稅折舊攤銷前利潤”，這是非國際財務報告準則的財務指標。IBC認爲，營業收入（虧損）有助於確定業務的潛在趨勢，否則這些趨勢可能會被公司計入該期間虧損的某些收入或支出的影響所扭曲，並提供有關核心經營業績的有用信息，增強對過去業績和未來前景的總體理解，並提高管理層在財務和運營決策中使用的關鍵指標的可見性。該公司認爲，調整後的息稅折舊攤銷前利潤是衡量獨立於IBC資本結構的業務產生的現金流的有用指標。
Operating income (loss) and Adjusted EBITDA should not be considered in isolation or construed as an alternative to loss for the period or any other measure of performance or as an indicator of our operating performance. Operating income (loss) and Adjusted EBITDA presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to IBC's data.
不應孤立地考慮營業收入（虧損）和調整後的息稅折舊攤銷前利潤，也不得將其解釋爲該期間虧損的替代方案或任何其他業績衡量標準，也不得解釋爲我們經營業績的指標。此處列出的營業收入（虧損）和調整後息稅折舊攤銷前利潤可能無法與其他公司提出的同名指標相提並論。其他公司可能會以不同的方式計算標題相似的衡量標準，將其作爲比較衡量標準的用處僅限於IBC的數據。
OPERATING INCOME (LOSS)
營業收入（虧損）
Operating income (loss) represents income or loss for the quarter, excluding foreign exchange loss, interest expense, interest income, other income (expense) and income taxes that the Company does not believe are reflective of its core operating performance during the periods presented. A reconciliation of the quarter and year-to-date loss to operating income (loss) follows:
營業收入（虧損）代表本季度的收入或虧損，不包括外匯損失、利息支出、利息收入、其他收入（支出）和所得稅，公司認爲這些收入並不能反映其在本報告所述期間的核心經營業績。本季度和年初至今的虧損與營業收入（虧損）的對賬如下：
| Three months ended September 30 | 2023 | 2022 | ||||||
| ($000s) | ($000s) | |||||||
Loss for the period |
(934) | (2,014) | ||||||
Foreign exchange (gain) loss |
4 | 5 | ||||||
Interest expense |
640 | 620 | ||||||
Loss on disposal of assets |
-- | - | ||||||
(Gain) loss on revaluation of derivative |
1 | (30) | ||||||
Interest income |
- | - | ||||||
Other income |
(45) | 1 | ||||||
Arbitration award liability |
- | - | ||||||
Operating income |
(334) | (1,422) | ||||||
| 截至9月30日的三個月 | 2023 | 2022 | ||||||
| （000 美元） | （000 美元） | |||||||
該期間的損失 |
(934) | (2,014) | ||||||
外匯（收益）損失 |
4 | 5 | ||||||
利息支出 |
640 | 620 | ||||||
資產處置損失 |
-- | - | ||||||
衍生品重估的（收益）虧損 |
1 | (30) | ||||||
利息收入 |
- | - | ||||||
其他收入 |
(45) | 1 | ||||||
仲裁裁決責任 |
- | - | ||||||
營業收入 |
(334) | (1,422) | ||||||
ADJUSTED EBITDA
調整後的息稅折舊攤銷前
Adjusted EBITDA represents our income (loss) for the period before interest, income taxes, depreciation, amortization, and share-based compensation. A reconciliation of the quarter and year-to-date loss to Adjusted EBITDA follows:
調整後的息稅折舊攤銷前利潤代表我們在扣除利息、所得稅、折舊、攤銷和股票薪酬之前的收入（虧損）。本季度和年初至今的虧損與調整後息稅折舊攤銷前利潤的對賬如下：
| Year ended September 30 | 2023 | 2022 | ||||||
| ($000s) | ($000s) | |||||||
Loss for the period |
(934) | (2,014) | ||||||
Income tax expense (recovery) |
- | (4) | ||||||
Interest expense |
640 | 620 | ||||||
(Gain) loss on revaluation of derivative |
1 | (30) | ||||||
Depreciation, amortization & impairment |
373 | 410 | ||||||
Stock-based compensation expense (non-cash) |
301 | 76 | ||||||
Adjusted EBITDA |
119 | (942) | ||||||
| 截至 9 月 30 日的財年 | 2023 | 2022 | ||||||
| （000 美元） | （000 美元） | |||||||
該期間的損失 |
(934) | (2,014) | ||||||
所得稅支出（恢復） |
- | (4) | ||||||
利息支出 |
640 | 620 | ||||||
衍生品重估的（收益）虧損 |
1 | (30) | ||||||
折舊、攤銷和減值 |
373 | 410 | ||||||
股票薪酬支出（非現金） |
301 | 76 | ||||||
調整後 EBITDA |
119 | (942) | ||||||
For more information on IBC and its innovative alloy products, go here .
有關IBC及其創新合金產品的更多信息，請訪問此處。
On Behalf of the Board of Directors:
"Mark A. Smith"
Mark A. Smith, CEO & Chairman of the Board
代表董事會：
“馬克·史密斯”
馬克·史密斯，首席執行官兼董事會主席
[1] IBC reports non-IFRS measures such as "Adjusted EBITDA" and "Operating Income." Please see information on this and other non-IFRS measures in the "Non-IFRS Measures" section of this news release and in IBC's MD&A, available on Sedar.com# # #
[1] IBC報告了非國際財務報告準則指標，例如 “調整後的息稅折舊攤銷前利潤” 和 “營業收入”。請在本新聞稿的 “非國際財務報告準則指標” 部分以及Sedar.com上的IBC的MD&A中查看有關該指標和其他非國際財務報告準則指標的信息
CONTACTS:
Mark A. Smith, Chairman of the Board
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com
Website:
@IBCAdvanced $IB.TO $IAALF #copper #beryllium #F35
聯繫人：
馬克·史密斯，董事會主席
投資者和公共關係總監吉姆·西姆斯
+1 (303) 503-6203
電子郵件：jim.sims@ibcadvancedalloys.com
網站：
@IBCAdvanced $IB.TO $IAALF #copper #beryllium #F35
ABOUT IBC ADVANCED ALLOYS CORP.
關於 IBC 先進合金公司
IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana and Massachusetts. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".
IBC 是一家領先的鈹和銅先進合金公司，服務於國防、航空航天、汽車、電信、精密製造等多個行業。IBC的銅合金部門生產和分銷各種銅合金作爲鑄件和鍛件，包括鈹銅、鉻銅和鋁青銅。IBC 的工程材料部門製造了 Beralcast 合金系列，可以精確鑄造，用於越來越多的國防、航空航天和其他系統，包括F-35聯合打擊戰鬥機。IBC在印第安納州和馬薩諸塞州設有生產設施。該公司的普通股在多倫多證券交易所風險交易所上市，代碼爲 “IB”，OTCQB的交易代碼爲 “IAALF”。
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
關於前瞻性陳述的警示性陳述
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所尚未審查本新聞稿的充分性，也不承擔任何責任。多倫多證券交易所風險交易所及其監管服務提供商（該術語在多倫多證券交易所風險交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the Company's expectation of further growth in revenue and market demand, and the ability of the Copper Alloy division to increase its production capacity, reduce unit costs of production, expand its product portfolio and expand into new markets and the Company's efforts to explore strategic options for its Engineered Materials Division. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
本新聞稿中包含的某些信息可能是適用證券法所定義的前瞻性信息或前瞻性陳述。前瞻性信息和前瞻性陳述通常但並非總是通過使用 “期望”、“預見”、“相信”、“預見”、“可以”、“估計”、“目標”、“打算”、“計劃”、“尋找”、“將”、“可能” 和 “應該” 等詞語以及暗示未來結果的類似表達方式或詞語來識別。本新聞稿包括前瞻性信息和陳述，內容涉及公司對收入和市場需求進一步增長的預期、銅合金部門提高產能、降低單位生產成本、擴大產品組合和向新市場擴張的能力，以及公司爲探索其工程材料部門戰略選擇所做的努力。前瞻性陳述涉及大量已知和未知的風險和不確定性，其中某些風險和不確定性超出了公司的控制範圍，包括：公司或其客戶運營領域（包括半導體制造和石油和天然氣行業）總體經濟狀況的影響、與製造活動相關的風險、法律法規的變化（包括新的環境法律法規的通過及其解釋和執行方式的變化）、競爭加劇、可用性不足合格人員或管理層、原材料供應有限、商品價格、外匯或利率波動、股市波動以及獲得監管機構所需的批准。由於這些風險和不確定性，公司的未來業績、業績或成就可能與這些前瞻性陳述中表達的業績、業績或成就存在重大差異。本新聞稿中包含的所有涉及公司預期、認爲或預期將要或可能發生的活動、事件或發展的陳述均爲前瞻性陳述。這些陳述基於公司根據其經驗、對歷史趨勢的看法、當前狀況、預期的未來發展以及其認爲適合情況的其他因素做出的假設。
Please see "Risks Factors" in our Annual Information Form available under the Company's profile at , for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
有關與我們的業務相關的風險和不確定性的信息，請參閱公司簡介下的 “年度信息表” 中的 “風險因素”，網址爲。讀者不應過分依賴前瞻性信息和陳述，這些信息和陳述僅代表截至發佈之日。本新聞稿中包含的前瞻性信息和陳述代表了我們截至本新聞稿發佈之日的預期。除非適用的證券法另有要求，否則我們不打算或承擔義務或承諾更新或修改任何前瞻性信息或陳述，無論是由於新信息、未來事件還是其他原因。
SOURCE: IBC Advanced Alloys Corp.
資料來源：IBC 高級合金公司
譯文內容由第三人軟體翻譯。