AERT reports financials.Advanced Environmental Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and Inc., headquartered in Springdale, Ark., has announced financial results for the fiscal year ended Dec. 31, 2004. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. increased in 2004 compared to 2003 in light of higher sales, lower manufacturing costs as a percentage of sales and lower selling and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. as a percentage of sales. Net income was lower than 2003 due to the lower extraordinary gain in 2004. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight were $63.6 million compared to $43.5 million in 2003--an increase of 46.2 percent. Operating income was $3.48 million compared to $79,418 in 2003, an increase of 4,281 percent. Net income before extraordinary items was $1.09 million compared to a net loss before extraordinary items of $941,921 for the prior year, an improvement of $2.03 million. Net income after extraordinary items was $1.27 million compared to $2.02 million for the prior year, a decrease of $760,000, or 37 percent, insurance proceeds received to reimburse costs of reconstructing the Junction, Texas Junction is a city in Kimble County, Texas (USA). The population was 2,618 at the 2000 census. It is the county seat of Kimble CountyGR6. Geography Junction is located at (30.489772, -99. , facility following a March 2003 fire resulted in a $173,536 extraordinary gain for 2004 compared to an extraordinary gain of $2.96 million in 2003. Fully diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of after extraordinary items for 2004 were 3 cents, down from 7 cents for 2003. Net sales for the fourth quarter of 2004 were $15.28 million compared to $10.94 million in Q4 of 2003, an increase of 39.7 percent. Net loss before extraordinary items was $800,000, a $507,000 improvement from the $1.3 million net loss before extraordinary items in the fourth quarter of 2003. Net loss after extraordinary items for the fourth quarter of 2004 was nearly $1.7 million. In the first quarter of 2004, AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team booked an insurance receivable of $864,000 and recognized related additional income of such an amount related to additional insurance claims it expects to collect with respect to a 2003 fire at its Junction facility. However, such claims are now being contested. As a result, AERT reversed receivable and related income for these claims with an $864,000 adjustment taken in the fourth quarter. AERT converts reclaimed plastic and wood scrap into Weyerhaeuser ChoiceDek outdoor decking systems, MoistureShield door and window components, MoistureShield CornerLoc exterior trim and fascia fascia (făsh`ēə), fibrous tissue network located between the skin and the underlying structure of muscle and bone. Fascia is composed of two layers, a superficial layer and a deep layer. components and MoistureShield outdoor decking. It operates manufacturing plants in Springdale, Lowell and Tontitown, Ark.; Junction, Texas; and Alexandria, La. |
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