This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

American Pacific's CEO Discusses F3Q12 Results - Earnings Call Transcript

Stocks in this article: APFC

I will now turn the call over to Joe.

Joe Carleone

Thank you Linda and good afternoon ladies and gentlemen and thank you for joining our conference call. AMPACs third quarter fiscal quarter was a very significant one. First, we are reporting strong financial results and second we have completed a divesture of our aerospace equipment segment for $46 million in cash. Since we previously have a separate call on the aerospace segment divesture in June. We want to elaborate further on the strategic aspects of this action today. But of course we will answer any of your questions on this topic during the Q&A session.

We have decided to use the proceeds of this transaction to reduce debt and interest which will enable on refinancing of the company as Dana will describe in her remarks. We are pleased to report a very strong quarter for both our specialty chemicals and fine chemicals segments. This performance is largely driven by our fine chemical segments, increased production volumes and corresponding improved margins, combined with the consistent performance of our specialty chemicals segment.

A small portion of this performance is due to timing of sales on the part of both the segments. As we indicated in our call last quarter, in the first half of this year we would see a transition to improve profitability that would occur in the second half. Our third quarter results clearly demonstrated that we are on track to meet those second half objectives. We continue to build upon our core products and add new products and customers especially in our fine chemicals business. Our specialty chemical segment remained stable and profitable. We continue to look for approaches to improve product margins through our company wide operational excellence and cost reduction initiatives and are focused on keeping operating expenses as low as possible in the face of rising cost in main areas.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs