BW Technologies Reports Record First Quarter Results.Business Editors CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Sept. 6, 2001 BW Technologies Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BWT BWT Burrows Wheeler Transform (compression technology) BWT Boundary Waters Treaty (United States and Canada) BWT Basic Warrior Training BWT Bronchial Wall Thickness BWT Big White Truck .) reports net income of $687,000 ($0.12 per share) for the three months ended July 31, 2001, an increase of 137% over the $290,000 ($0.05 per share) recorded last year. Revenues reached $8,026,000 which is 48% higher than last year's figure of $5,433,000. These results represent an excellent start to the 2002 fiscal year. "Our first quarter is traditionally our weakest," commented Cody Slater slat·er n. 1. One employed to lay slate surfaces, as on roofs. 2. See pill bug. 3. See sow bug. Noun 1. , BW's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Last year, for instance, first quarter revenues were 19.5% of the total for the year. With these strong first quarter results, the company is on track to maintain its historical bottom and top line growth."
Three months
ended July 31
Percent
2001 2000 Change
---------------------------------------------------------------------
Revenue $8,026,000 $5,433,000 plus 48%
Net income 687,000 290,000 plus 137%
Earnings before interest,
taxes, depreciation and
amortization 1,615,000 920,000 plus 76%
Cash flow 1,234,000 738,000 plus 67%
Cash flow per share .22 .14 plus 57%
Earnings per share
- Basic .12 .05 plus 140%
- Fully Diluted .12 .05 plus 140%
BW Technologies manufactures a full range of industrial gas detection instruments which are used to protect personnel and property worldwide. The company's manufacturing facilities are located in Calgary and customer service offices have been established in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. and Oxfordshire, United Kingdom. BW has achieved remarkable growth over the past five years with annual revenues growing from $5,080,000 in 1996 to $27,810,000 in 2001. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has neither approved nor disapproved of the information contained herein. |
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