continental materials corp (CUO) Details
Continental Materials Corporation produces and sells heating, ventilation, and air conditioning (HVAC) products; and construction products in North America. The company operates in Heating and Cooling; Evaporative Cooling; Concrete, Aggregates and Construction Supplies; and Door segments. It offers gas-fired wall furnaces, console heaters, and fan coils; evaporative coolers; concrete, aggregates, and construction supplies; and hollow metal doors, door frames and related hardware, wood doors, lavatory fixtures, and electronic access and security systems. The company sells its HVAC products directly to retail home-centers and other retail outlets, and HVAC installing contractors and equipment manufacturers for commercial applications, as well as through plumbing, heating, and air conditioning wholesale distributors. Continental Materials Corporation sells its construction products directly to general and sub-contractors, government entities, and individuals. The company was founded in 1954 and is based in Chicago, Illinois.
Last Reported Date: 03/29/13
Founded in 1954
continental materials corp (CUO) Top Compensated Officers
Chairman and Chief Executive Officer
Total Annual Compensation: $542.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $253.0K
Principal Accounting Officer, Secretary and C...
Total Annual Compensation: $151.3K
Compensation as of Fiscal Year 2012.
Continental Materials Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2013
May 15 13
Continental Materials Corp. announced unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported consolidated sales of $26,213,000 against $24,396,000 a year ago. The increase in sales in these two segments is reflective of the gradual and moderate improvement in the construction markets along the Southern Front Range of Colorado. Operating loss was $1,133,000 against $1,534,000 a year ago. The principal reason for the decreased loss was the improved operating results of the Heating and Cooling segment which benefitted from higher furnace volume and a favorable change in sales mix. Loss before income taxes was $1,207,000 against $1,709,000 a year ago. Benefit from income taxes was $404,000 against $656,000 a year ago. Net loss from operations was $803,000 or 49 cents per basic and diluted share against $1,053,000 or 64 cents per basic and diluted share a year ago.
Continental Materials Corp., Annual General Meeting, May 22, 2013
Apr 17 13
Continental Materials Corp., Annual General Meeting, May 22, 2013., at 10:00 Central Standard Time. Location: Orange and Blue Room, first floor, 200 South Wacker Drive. Agenda: To consider the election of three directors to serve until the 2016 annual meeting or until their successors are duly elected and qualified; to approve, on a non-binding advisory basis, the compensation of the company’s executive officers; to recommend, on a non-binding advisory basis, the frequency of holding an advisory vote on executive compensation; to consider the ratification of the appointment of BKD LLP ( BKD ) as independent registered public accounting firm for the company for the 2013 fiscal year; and to transact 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 Dec. 29, 2012
Apr 3 13
Continental Materials Corp. reported audited earnings results for the fourth quarter and year ended Dec. 29, 2012. For the quarter, the company reported sales of $29,919,000, compared to $28,962,000 for the last year. Operating loss was $1,396,000, compared to $387,000 for the last year. Income from continuing operations before income taxes was $7,896,000, compared to loss from continuing operations before income taxes of $559,000 for the last year. Net income from continuing operations was $5,154,000 or $3.15 per basic and diluted share, compared to net loss from continuing operations of $325,000 or $0.20 per basic and diluted share for the last year. Net income was $5,144,000 or $3.14 per basic and diluted share, compared to net loss of $351,000 or $0.22 per basic and diluted share for the last year.
For the 2012 fiscal year, the company reported net income from continuing operations of $3,408,000, $2.08 per share on sales of $113,228,000 compared to a net loss from continuing operations of $1,878,000, $1.16 per share on sales of $107,206,000 in 2011. Income from continuing operations before income taxes in 2012 was $5,125,000 including a $9,452,000 gain from the settlement of the lawsuit related to the disputed insurance claim involving the company's Pikeview Quarry. Excluding this gain, the loss from continuing operations before income taxes in 2012 was $4,327,000 compared to a loss of $3,032,000 in 2011. The higher sales are primarily attributable to the concrete, aggregates and construction supplies segment. Sales in the door and evaporative cooling segments increased slightly from the prior year. The operating loss from continuing operations for 2012 was $3,724,000 compared to the operating loss of $2,288,000 in 2011. The decline in operating results was largely due to the lower sales of the heating and cooling segment and an unfavorable change in product mix from furnaces and heaters to fan coils which typically yield lower margins. Net income was $3,389,000 or $2.07 per basic and diluted share, compared to net loss of $1,948,000 or $1.20 per basic and diluted share for the last year.