Building Products
Company Overview of International Barrier Technology Inc.
Company Overview
510 4th Street North
Watkins, MN 55389
United States
Founded in 1986
16 Employees
Key Executives for International Barrier Technology Inc.
International Barrier Technology Inc. Key Developments
International Barrier Technology Inc. reported earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net income of $35,817, compared to a net loss of $64,574 in March 2012. Sales revenues were up 57% from $1,023,020 to $1,608,280. For the nine months, the company reported total sales revenue was $3,569,279, a 15% increase from the same period ending in 2012. The company generated cash flow of $165,948 against loss of $160,500 in the comparable period in 2012.
International Barrier Technology Inc. released monthly revenue and sales volumes results for the month and fiscal year-to-date period ended January 31, 2013. Overall sales revenue generated for the month of January was $449,567 a 49% higher than the revenue $301,154 generated in January 2012. Total sales revenue generated for the fiscal year-to-date period from July to January was $2,410,566, a slight increase of $2,394,395 from the same period ending in 2012. Sales Revenue into the Residential Roof Deck/Wall Assembly/Structural Insulated Panel market increased 36%, while revenues into the Commercial Modular industry, decreased by 37%. Total sales revenue generated for the fiscal year-to-date period (July January) was $2,410,566, a slight increase from the same period ending in 2012 ($2,394,395). Sales Revenue into the Residential Roof Deck/Wall Assembly/Structural Insulated Panel market increased 36%, while revenues into the Commercial Modular industry, decreased by 37%.
International Barrier Technology Inc. appointed Melissa McElwee as Chief Financial Officer in place of David J. Corcoran. Mr. Corcoran, has stepped down as Chief Financial Officer but will continue to serve the company as a director and actively assist management.
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