KMG Chemicals Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share. The dividend is payable on June 21, 2013 to shareholders of record on June 7, 2013.

KMG Chemicals Inc. reported un-audited consolidated earnings results for the second quarter and six months ended January 31, 2013. For the quarter, the company reported net income of $1.6 million or $0.14 per diluted share on net sales of $56.96 million compared to net income of $2.5 million or $0.21 per diluted share on net sales of $66.98 million for the last year. The company reported operating income of $3.2 million compared to $4.9 million, income from continuing operations before income taxes of $2.7 million compared to $4.3 million, income from continuing operations of $1.7 million or $0.14 per diluted share compared to $2.6 million or $0.22 per diluted share for the last year. For the six months, the company reported net income of $5.8 million or $0.50 per diluted share on net sales of $122.3 million compared to net income of $6.0 million or $0.52 per diluted share on net sales of $138.5 million for the last year. The company reported operating income of $10.3 million compared to $11.9 million, income from continuing operations before income taxes of $9.4 million compared to $10.6 million, income from continuing operations of $5.7 million or $0.51 per diluted share compared to $6.4 million or $0.55 per diluted share, net cash provided by operating activities of $8.6 million compared to $14.5 million and addition to property, plant and equipment of $2.8 million compared to $2.7 million for the last year. Overall, the company estimates fiscal third diluted quarter earnings per share will be approximately 70% of the prior year’s third quarter diluted earnings per share of $0.33 from continuing operations. The company believes a rebound in demand will remain into the fourth quarter.

KMG Chemicals Inc. Presents at Gabelli & Company, Inc.'s Specialty Chemicals & Agriculture Conference, Mar-20-2013 02:30 PM. Venue: The Harvard Club, New York, New York, United States.