BW Technologies Reports Record 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)--July 4, 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 .), a Calgary-based manufacturer of industrial gas detection instruments has continued to record impressive gains in revenue and earnings during the year ended April 30, 2001. Fiscal 2001 earnings from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the were $2,844,000 ($.51 per share) an increase of $1,615,000 or 131% over the $1,229,000 ($.25 per share) recorded last year. Revenue for the year amounted to $27,810,000 which is 52% above the $18,351,000 figure realized in fiscal 2000. BW set another quarterly performance record in the three months ended April 30, 2001. Revenue was up 47% to $9,104,000 as compared to $6,206,000 last year. Net income from continuing operations was $1,512,000 ($.27 per share) almost double the fiscal 2000 level of $787,000 ($.16 per share). BW carried a strong order back-log position into the new fiscal year and orders for May and June are about 50% above last year's levels. Also, the company entered fiscal 2002 in a strong financial position as 2001 operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. reached $5,507,000 ($1.00 per share). Cash and short term investments totalled $2,727,000 at April 30, 2001 while working capital amounted to $11,640,000. "BW is well positioned to continue its strong top and bottom line growth for the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future," stated 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. , the company'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. . "Our products and brand name are increasingly well-accepted and our sales organization is stronger than ever. This allows us to capitalize To regard the cost of an improvement or other purchase as a capital asset for purposes of determining Income Tax liability. To calculate the net worth upon which an investment is based. To issue company stocks or bonds to finance an investment. upon our strength in technological innovation through increased product development ensuring that fiscal 2002 will be another record year for BW."
Three months ended
April 30 Percent
2001 2000 Change
----------- ----------- -------
Revenue $9,104,000 $6,206,000 +47%
Net income from continuing
operations 1,512,000 787,000 +92%
Net income 1,512,000 536,000 +182%
Earnings before interest,
taxes, depreciation and
amortization 2,792,000 1,723,000 +62%
Cash flow from continuing
operations 2,839,000 1,708,000 +66%
Cash flow per share from
continuing operations .52 .33 +58%
Earnings per share from
continuing operations:
- basic .27 .16 +69%
- fully diluted .25 .14 +79%
Earnings per share:
- basic .27 .11 +145%
- fully diluted .25 .11 +127%
Year ended
April 30 Percent
2001 2000 Change
----------- ----------- -------
Revenue $27,810,000 $18,351,000 +52%
Net income from continuing
operations 2,844,000 1,229,000 +131%
Net income 2,844,000 750,000 +279%
Earnings before interest,
taxes, depreciation and
amortization 6,200,000 3,391,000 +83%
Cash flow from continuing
operations 5,507,000 3,289,000 +67%
Cash flow per share from
continuing operations 1.00 .66 +52%
Earnings per share from
continuing operations:
- basic .51 .25 +104%
- fully diluted .49 .23 +113%
Earnings per share:
- basic .51 .15 +240%
- fully diluted .49 .15 +227%
BW Technologies Ltd. has been designing and manufacturing a full range of gas detection equipment since 1987 with fiscal 2001 revenues at more than $27 million. BW Technologies is a public company with offices in Europe, America and Canada trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BWT. The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein. |
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