- Consolidated revenue for the quarter increased 128% to $30.3 million compared to the third quarter 2010 revenue of $13.29;
- Consolidated revenue for the first nine months of 2011 was $78.4 million, an 85% increase over the first nine months of 2010;
- Quarterly gross profit increased 148% to $2.03 million relative to Q3 2010;
- Gross profit for the first nine months of the year increased 146% relative to the same period in 2010 to $6.77 million;
- Net income improved to $1.03 million for the quarter representing a 393% increase compared to the third quarter of 2010;
- Net income for the first nine months of 2011 improved to $3.64 million, which represents a 378% increase over the first nine months of 2010;
- Earnings per fully diluted share increased to $0.06, compared with $0.02 per fully diluted share in the third quarter of 2010;
- Earnings per fully diluted share for the first nine months of the year was $0.25 compared to $0.06 per fully diluted share in the first nine months of 2010;
- Overall quarterly sales volumes increased 36% compared to Q3 2010, while volumes for the first nine months of 2011 increased 21% relative to the same period last year.
Vertex Energy, Inc. Reports Record Quarterly Revenue, Increased Net Income, And Gross Profit For The Third Quarter Of 2011
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