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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Stocks in this article: CDII

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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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