This Day On The Street
Continue to site
ADVERTISEMENT
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

CD International's Management Discusses F3Q2012 Results - Earnings Call Transcript

At this time, I would like to introduce Mr. Richard Galterio, Vice President of CD International Enterprises. Thank you, sir. You may begin.

Richard Galterio

Thank you, Operator. And all of you who are joining us for our third quarter of fiscal 2012 conference call. CD International recorded revenues of $37.3 million for the quarter third quarter of fiscal 2012 with gross profit of $1.1 million and a net loss attributable to common stockholders of $1.4 million. This compares to revenue of $57 million, with gross profit of $7.6 million and a net income attributable to common stockholders of $4.3 million recorded in the same period in fiscal 2011.

Gross margins in the third quarter of fiscal 2012 was 3%, down from 13.3% in the same period from the prior year, largely due to the timing of a high margin large transaction which took place in our Consulting segment in the third quarter of fiscal 2011, and contributed approximately 10 percentage points in gross margin in that quarter.

Net loss per basic and diluted share outstanding was $0.03 in the third quarter of fiscal 2012 on $48 million basic and diluted weighted average shares. Earnings per basic and diluted shares outstanding was $0.11 in the prior quarter on 38 million weighted average shares.

For the first nine months of fiscal 2012, we recorded revenue of $116.1 million with gross profit of $13.3 million and net income attributable to common stockholders of $3.7 million, resulting a $0.09 per basic share on 43 million weighted average shares and $0.08 per diluted share on 47 million weighted average shares outstanding.

This compares to revenues of $145.1 million with gross profit of $17.3 million and net income attributable to common stockholders of $7.7 million resulting in $0.22 per basic and diluted share on 35 million weighted average shares outstanding.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs