This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Cleantech Solutions International Management Discusses Q2 2012 Results - Earnings Call Transcript

In addition, any projections as for the company’s future performance represent management as of today August 15, 2012. Cleantech Solutions International Inc assumes no obligation to update these projections in the future as market conditions change. At this point, I would also like to state on this call we will be discussing non-GAAP financial measures, adjusted EBITDA and non-GAAP net income.

We present these financial measures as a supplement to our GAAP results because we believe it provides useful information in analyzing and benchmarking the performance of our operations, and assist investors in analyzing our year-over-year financial performance. Please visit our earnings press release for a complete reconciliation of adjusted EBITDA and non-GAAP net income to net income.

And now it’s my pleasure to welcome Cleantech Solutions Vice President of Financial Reporting Mr. Adam Wasserman who will deliver management prepared remarks covering operations and financing performance today. Adam, please proceed.

Adam Wasserman

Hey, thank you Elaine. Good morning and thank you for joining us on our call today. We appreciate your continued support in Cleantech Solutions. During the second quarter of 2012, our sales improved 1.8% on year-over-year basis and increased 36.4% compared to the first quarter of 2012. As compared to the first quarter of 2012, our sales increased across all segments probably driven by market demand and due to the decline in sales during the first quarter of 2012 by the result of seasonality related to the Chinese New Year holiday. European growing market demand for our dyeing machines for our solar products. We also pleased to see some modest increases in demand for forged rolled rings to heavy equipment industry.

With the exception of sales in wind industry, sales from our business segment reported year-over-year growth. We believe such revenue growth is in line with the increase in order volume we are seeing from our existing and new customers. This demonstrates the high quality of our products and our technical capabilities.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

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