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IBC Advanced Alloys' Reports Record Quarterly Profits

IBC Advanced Alloys' Reports Record Quarterly Profits

IBC Advanced Alloys的報告創紀錄的季度利潤
Accesswire ·  05/17 05:15

Company Sets Several Financial Performance Records as it Releases its Financial Results for the Quarter Ended March 31, 2024

公司在發佈截至2024年3月31日的季度財務業績時創下了多項財務業績記錄

Highlights of the Quarter and Trailing 12 Months
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars.)

本季度及過去 12 個月的亮點
(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。)

  • Net income of $1.36 million, or $0.01 per share, in the quarter on sales of $10.2 million - a new quarterly record. Sales of $34.3 million on a trailing 12-month ("TTM") basis and sales of $27.0 million in the nine-month period ended March 31, 2024, also were the highest ever recorded.
  • Copper Alloys division sales of $6.6 million were higher by 11.9% quarter over quarter ("Q/Q"), and Engineered Materials division sales were higher by 97.5% Q/Q. On a TTM basis, Copper Alloys sales of $24 million set a record for a 12-month period for the division.
  • Consolidated adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA")1 rose to $2.5 million, a Q/Q increase of 325%. Year-to-date Adjusted EBITDA rose to $4.5 million.
  • Consolidated operating income of $2.1 million was 24.4% higher Q/Q and flipped to a positive $3.2 million year-over-year ("YOY").
  • Company to host live investor webinar to discuss results on Monday, May 20, 2024 at 11 AM EDT.
  • 本季度淨收入爲136萬美元,合每股收益0.01美元,銷售額爲1,020萬美元,創下季度新高。過去12個月(“TTM”)的銷售額爲3,430萬美元,截至2024年3月31日的九個月期間的銷售額爲2,700萬美元,也是有記錄以來的最高水平。
  • 銅合金部門的銷售額爲660萬美元,同比增長11.9%(“Q/Q”),工程材料部門的銷售額同比增長97.5%。按TTM計算,銅合金銷售額爲2400萬美元,創下該部門12個月的紀錄。
  • 扣除利息、稅項、折舊和攤銷前的合併調整後收益(“調整後的息稅折舊攤銷前利潤”)1 上漲至250萬美元,環比增長325%。年初至今調整後的息稅折舊攤銷前利潤增至450萬美元。
  • 合併營業收入爲210萬美元,同比增長24.4%,同比增長320萬美元(“同比”)。
  • 公司將於美國東部時間2024年5月20日星期一上午11點舉辦投資者網絡研討會現場討論業績。

FRANKLIN, IN / ACCESSWIRE / May 16, 2024 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) announces its financial results for the quarter ended March 31, 2024.

印第安納州富蘭克林/ACCESSWIRE/2024年5月16日/IBC Advanced Alloys Corp.(“IBC” 或 “公司”)(TSX-V: IB)(OTCQB: IAALF)公佈了截至2024年3月31日的季度財務業績。

IBC recorded its highest ever quarterly net income in the quarter of $1.36 million, or $0.01 per share, on sales of $10.2 million. Both net income and sales revenue set new quarterly records for the Company. Consolidated sales of $34.3 million on a TTM basis and sales of $27.0 million in the nine-month period ended March 31, 2024 also were the highest ever recorded.

IBC在本季度創下了有史以來最高的季度淨收入,爲136萬美元,合每股0.01美元,銷售額爲1,020萬美元。淨收入和銷售收入均創下了公司的季度新紀錄。按TTM計算,合併銷售額爲3,430萬美元,截至2024年3月31日的九個月期間的銷售額爲2,700萬美元,也是有記錄以來的最高水平。

Consolidated Adjusted EBITDA1 rose to $2.5 million, a Q/Q increase of 325%, while YTD Adjusted EBITDA rose to $4.5 million. Consolidated operating income1 of $2.1 million was 24.4% higher Q/Q and flipped to a positive $3.2 million YOY.

合併後的調整後息稅折舊攤銷前1 增至250萬美元,同比增長325%,而年初至今調整後的息稅折舊攤銷前利潤增至450萬美元。合併營業收入1 爲210萬美元,環比增長24.4%,同比增長320萬美元。

Net income for the nine months ended March 31, 2024 was $1.14 million ($0.01 per share) on sales of $27.0 million compared to a loss of $2.92 million ($0.03 per share) on sales of $21.2 million in the comparative period, representing a marked turnaround.

截至2024年3月31日的九個月淨收入爲114萬美元(每股0.01美元),銷售額爲2,700萬美元,而同期銷售額虧損292萬美元(每股0.03美元),代表了顯著的轉變。

This record performance was driven largely by increased sales and stronger gross margin performance in IBC's Copper Alloys division, coupled with higher sales revenue from the Engineered Materials division of beryllium-aluminum products used in defense markets, and the recovery of an onerous contracts provision booked in the prior year.

這一創紀錄的業績主要是由IBC銅合金部門的銷售增長和毛利率的提高所推動的,再加上國防市場使用的鈹鋁產品的工程材料部門銷售收入的增加,以及去年訂立的繁重合同條款的恢復。

The Copper Alloys division also achieved near-record quarterly sales of $6.6 million, eclipsed only by sales of $7.1 million in the preceding quarter. A portion of the division's sales over the preceding two quarters was driven by the completion of two special non-recurring projects.

銅合金部門還實現了接近創紀錄的660萬美元的季度銷售額,僅超過了上一季度的710萬美元銷售額。該部門前兩個季度的部分銷售額是由兩個特殊非經常性項目的完成推動的。

"The IBC team worked tirelessly to achieve some fantastic numbers and historic gains in the third fiscal quarter, which continued the strong sales and gross margin performance of the previous quarter," said Mark A. Smith, Chairman and CEO of IBC. "I like the momentum that we are generating, particularly with the leading performance of our Copper Alloys division. While market conditions have triggered closure of our Engineered Materials division sometime this summer, that team is striving to generate substantially to IBC's bottom line as Engineered Materials completes contracts on hand."

IBC董事長兼首席執行官馬克·史密斯表示:“IBC團隊孜孜不倦地努力在第三財季取得了一些驚人的數字和歷史性增長,這延續了上一季度的強勁銷售和毛利率表現。”“我喜歡我們正在產生的勢頭,尤其是我們的銅合金部門的領先業績。儘管市場狀況促使我們的工程材料部門在今年夏天的某個時候關閉,但隨着工程材料完成手頭的合同,該團隊正在努力大幅提高IBC的利潤。”

IBC expects to incur a charge to operations in respect of its April decision to close the Engineered Materials division and is negotiating with suppliers and the building landlord to minimize such costs.

IBC預計將因4月份決定關閉工程材料部門而產生運營費用,並正在與供應商和建築業主進行談判,以最大限度地降低此類成本。

CONSOLIDATED RESULTS

合併業績

COPPER ALLOYS DIVISION

銅合金部

Sales increased for the quarter and nine-month period ended March 31, 2024, mostly due to increased demand from customers in the defense and power generation sectors. Gross profit was positively impacted by improved material yield but negatively impacted by higher subcontract costs.

截至2024年3月31日的季度和九個月期間,銷售額有所增長,這主要是由於國防和發電領域客戶的需求增加。毛利受到材料產量提高的積極影響,但受分包成本上漲的負面影響。

ENGINEERED MATERIALS DIVISION

工程材料部

Sales increased for the quarter and nine-month period ended March 31, 2024, largely due to more favorable prices for the division's products in the commercial and defense markets.

截至2024年3月31日的季度和九個月期間,銷售額有所增長,這主要是由於該部門的產品在商業和國防市場的價格更加優惠。

Full results can be seen in the Company's financial statements and management's discussion and analysis ("MD&A"), available at sedarplus.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,這些報告可在sedarplus.ca和公司網站上查閱

INVESTOR WEBCAST SCHEDULED FOR MONDAY 20, 2024

投資者網絡直播定於2024年20日星期一舉行

IBC will host a live investor webcast on Monday, May 20, 2024 at 11 a.m. Eastern featuring Mark A. Smith, CEO and Board Chairman, and Toni Wendel, Chief Financial Officer. They will discuss the Company's financial results for the quarter and nine-month periods ended March 31, 2024. Participants can join the webcast by going here at the scheduled start time:

IBC將於美國東部時間2024年5月20日星期一上午11點主持投資者網絡直播,首席執行官兼董事會主席馬克·史密斯和首席財務官託尼·溫德爾將出席。他們將討論公司截至2024年3月31日的季度和九個月期間的財務業績。參與者可以在預定的開始時間前往此處參加網絡直播:

To call into a listen-only phone line to the webcast, please the toll numbers listed here:

要撥打僅限收聽的電話線收聽網絡直播,請撥打此處列出的電話號碼:

• +1 719 359 4580 US
• +1 253 205 0468 US

• +1 719 359 4580 我們
• +1 253 205 0468 我們

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、任何其他業績衡量標準或作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類似標題的指標相提並論。其他公司可能會以不同的方式計算標題相似的衡量標準,這限制了它們作爲與IBC數據比較指標的用處。

OPERATING INCOME (LOSS)

營業收入(虧損)

Operating income (loss) represents income or loss for the quarter, and year-to-date, 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)代表本季度及年初至今的收入或虧損,不包括外匯虧損、利息支出、利息收入、其他所得(支出)和所得稅,公司認爲這些收入和所得稅並未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:

ADJUSTED EBITDA

調整後的息稅折舊攤銷前

Adjusted EBITDA represents the Company's income (loss) for the period, and year-to-date, 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公司本期及年初至今在扣除利息、所得稅、折舊、攤銷和基於股份的薪酬前的收入(虧損)。本季度和年初至今虧損與調整後息稅折舊攤銷前利潤的對賬如下:

1IBC reports non-IFRS measures such as "Adjusted EBITDA," "Operating Income," and "Free Cash Flow." 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 sedarplus.ca

1IBC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”,“營業收入” 和 “自由現金流”。請參閱本新聞稿的 “非國際財務報告準則指標” 部分以及IBC的MD&A(可在sedarplus.ca上查閱)中有關該指標和其他非國際財務報告準則指標的信息

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:

代表董事會:

"Mark A. Smith"

“Mark A. Smith”

Mark A. Smith, CEO & Chairman of the Board

馬克·史密斯,首席執行官兼董事會主席

# # #

# #

CONTACTS:

聯繫人:

Mark A. Smith, Chairman of the Board
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com

馬克·史密斯,董事會主席
Jim Sims,投資者和公共關係總監
+1 (303) 503-6203
電子郵件: jim.sims@ibcadvancedalloys.com

@IBCAdvanced $IB.TO $IAALF #copper #beryllium #F35

@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 advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".

IBC是一家領先的先進銅合金製造商,服務於國防、航空航天、汽車、電信、精密製造等各種行業。在其位於印第安納州富蘭克林的垂直整合生產設施中,IBC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。該公司的普通股在多倫多證券交易所風險投資交易所上市,股票代碼爲 “IAALF”,在OTCQB上市,股票代碼爲 “IAALF”。

CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING STATEMENTS

關於前瞻性陳述的警示性聲明

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投資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, the closure of the Engineered Materials division and the expected charge to operations in connection therewith, and the completion of existing contracts by the 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 risk that the Company may not be able to make sufficient payments to retire its debt, 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.

根據適用證券法的定義,本新聞稿中包含的某些信息可能是前瞻性信息或前瞻性陳述。前瞻性信息和前瞻性陳述通常使用 “期望”、“預測”、“相信”、“預見”、“可以”、“估計”、“目標”、“打算”、“計劃”、“尋求”、“將”、“可能” 和 “應該” 等詞語以及暗示未來結果的類似表述或詞語來識別,但並非總是如此。本新聞稿包括前瞻性信息和陳述,除其他外,涉及公司對收入和市場需求進一步增長的預期,以及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、關閉工程材料部門和與之相關的預計運營費用以及工程材料部門完成現有合同的能力。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是公司無法控制的,包括:公司可能無法支付足夠款項以償還債務的風險、公司或其客戶運營領域總體經濟狀況的影響,包括半導體制造和石油和天然氣行業,與製造活動相關的風險,包括通過新的環境法律法規和變更在內的法律法規的變化在解釋和執行方面、競爭加劇、缺乏合格人員或管理人員、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的必要批准。由於這些風險和不確定性,公司未來的業績、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、認爲或預期未來將發生或可能發生的活動、事件或發展的聲明均爲前瞻性陳述。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具體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.

請在我們的年度信息表中查看 “風險因素”,該表位於公司簡介下方 ,以獲取與我們的業務相關的風險和不確定性的信息。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。除非適用的證券法要求,否則我們不打算或義務或承諾更新或修改任何前瞻性信息或陳述,無論這些信息是由於新信息、未來事件還是其他原因造成的。

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。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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