Last $16.95 USD
Change Today +0.20 / 1.19%
Volume 13.2K
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As of 11:39 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

continental materials corp (CUO) Key Developments

Continental Materials Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Continental Materials Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported consolidated sales of $26,824,000 against $26,213,000 a year ago. Operating loss was $1,685,000 against $1,133,000 a year ago. Loss before income taxes was $1,789,000 against $1,207,000 a year ago. Benefit from income taxes was $608,000 against $404,000 a year ago. Net loss from operations was $1,181,000 or $0.72 per basic and diluted share against $803,000 or $0.49 per basic and diluted share a year ago. The increased operating loss is due to the reduced sales and production in the Heating and Cooling segment.

Continental Materials Corp., Annual General Meeting, May 28, 2014

Continental Materials Corp., Annual General Meeting, May 28, 2014., at 10:00 Central Daylight. Location: The Orange and Blue Room on the first floor of 200 South Wacker Drive. Agenda: To consider the election of three directors to serve until the 2017 annual meeting or until their successors are duly elected and qualified; to consider the ratification of the appointment of BKD LLP as independent registered public accounting firm for the company for the 2014 fiscal year; and to transact the transaction of such other business as may properly be presented at the meeting.

Continental Materials Corp. Reports Audited Earnings Results for the Fourth Quarter and Year Ended December 28, 2013

Continental Materials Corp. reported audited earnings results for the fourth quarter and year ended December 28, 2013. For the quarter, the company reported sales of $33,606,000 compared to $29,919,000 for the same period a year ago. Operating loss was $7,000,000 compared to $1,396,000 a year ago. Loss from continuing operations before income taxes was $34,000 compared to income from continuing operations before income taxes of $7,896,000 a year ago. Net loss from continuing operations was $1,000 compared to net income from continuing operations of $5,154,000 a year ago. For the full year, the company reported sales of $121,541,000 compared to $113,228,000 for the same period a year ago. Operating loss was $1,089,000 compared to $3,724,000 a year ago. Loss from continuing operations before income taxes was $1,385,000 compared to income from continuing operations before income taxes of $5,125,000 a year ago. Net loss from continuing operations was $859,000 compared to net income from continuing operations of $3,408,000 a year ago. Basic and diluted loss per share was $0.52 compared to basic and diluted earnings per share of $2.07 a year ago.

Continental Materials Corp. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 28, 2013

Continental Materials Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 28, 2013. For the quarter, the company reported net loss of $242,000 or 15 cents per diluted share compared to the net loss of $191,000 or 11 cents per diluted share for the third quarter ended September 29, 2012. Sales were $28,865,000, a decrease of $301,000 or 1.0% compared to the third quarter of 2012. Sales in the Concrete, Aggregates and Construction Supplies (CACS) segment declined $858,000 (6.8%). An increase in ready mix concrete sales was more than offset by lower sales of aggregates and construction supplies. The lower aggregate sales reflect the low production yields from the Company's Pueblo gravel operation. The operating loss was $337,000 compared to an operating loss of $165,000 in the third quarter of the prior year. Loss from continuing operations before income taxes was $431,000 compared with $297,000 or for the same period a year ago. Net loss from continuing operations was $242,000 or 15 cents per basic and diluted share compared with $191,000 or 11 cents per basic and diluted share for the same period a year ago. For first nine months, sales were $87,935,000, an increase of $4,626,000 or 5.6% compared to the first nine months of 2012. The operating loss was $1,096,000 compared to an operating loss of $2,329,000 in the first nine months of the prior year. The lower operating loss is reflective of improved operating results at all four of the company's segments. Loss from continuing operations before income taxes was $1,351,000 compared with $2,772,000 for the same period a year ago. Net loss from continuing operations was $858,000 or 52 cents per basic and diluted share compared with $1,746,000 or or 1.07 cents per basic and diluted share for the same period a year ago.

Continental Materials Corp. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 29, 2013

Continental Materials Corp. announced unaudited earnings results for the second quarter and six months ended June 29, 2013. For the quarter, the company reported sales of $32,857,000 compared with $29,747,000 for the same period a year ago. Operating income was $374,000 compared with operating loss of $629,000 for the same period a year ago. Income from continuing operations before income taxes was $287,000 compared with loss from continuing operations before income taxes of $765,000 for the same period a year ago. Net income from continuing operations was $187,000 or $0.11 per basic and diluted share compared with net loss from continuing operations of $502,000 or $0.31 per basic and diluted share for the same period a year ago. Net income was $187,000 or $0.11 per basic and diluted share compared with net loss of $511,000 or $0.32 per basic and diluted share for the same period a year ago. Sales in the Concrete, Aggregates and Construction Supplies ("CACS") segment increased $1,847,000 (18.6%) while sales in the Door segment improved by $879,000 (25.0%). The increase in sales in these two segments is reflective of the continuing but moderate improvement in the southern Colorado construction markets. Sales in the Heating and Cooling segment were $477,000 (7.9%) lower in the second quarter of 2013 compared to the same period in 2012. The lower sales for this segment are attributable to weakness in demand for fan coils due to a slow pace of new hotel construction. Sales in the Evaporative Cooling segment were $947,000 (9.3%) higher in the second quarter of 2013 compared to the second quarter of the prior year. The increase was due to product mix and modest price increases as unit sales of evaporative coolers held nearly constant in both periods. For the six months, the company reported sales of $59,070,000 compared with $54,143,000 for the same period a year ago. Operating loss was $759,000 compared with $2,164,000 for the same period a year ago. Loss from continuing operations before income taxes was $920,000 compared with $2,475,000 for the same period a year ago. Net loss from continuing operations was $616,000 or $0.37 per basic and diluted share compared with $1,555,000 or $0.95 per basic and diluted share for the same period a year ago. Net loss was $616,000 or $0.37 per basic and diluted share compared with $1,564,000 or $0.96 per basic and diluted share for the same period a year ago.

 

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