BW Technologies Reports Record Revenues.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--July 12, 2000 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 Canadian manufacturer of high technology gas detection instruments, reports record quarterly revenues of $6,206,000 for the three months ended April 30, 2000. This is an increase of 44% over the $4,303,000 recorded during the three months ended April 30, 1999. Income 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 for the current quarter was up 52% to $787,000 ($.16 per share) from $517,000 ($.12 per share) for the same period last year. Second half revenues in fiscal 2000 amounted to $11,277,000. Approximately 35% of these sales were attributable to BWT's new series of portable industrial gas detectors A gas detector is a device which detects the presence of various gases within an area, usually as part of a system to warn about gases which might be harmful to humans or animals. Gas detectors can be used to detect combustible, toxic, and oxygen gases. , the GasAlert product line. 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. , 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. noted that operating results have gained momentum since the introduction of the GasAlert line in the third quarter of the year. "Revenues were $5.1 million in the third quarter and $6.2 in the fourth. This sales growth, which was fueled by our GasAlert line, is a good indicator of the success we see for fiscal 2001."
Three months ended
April 30 Percent
2000 1999 Change
---- ----
Revenue $6,206,000 $4,303,000 +44%
Net income from continuing
operations 787,000 517,000 +52%
Net income 536,000 353,000 +52%
Cash flow from continuing
operations 1,708,000 1,251,000 +37%
Cash flow per share from
continuing operations .37 .30
Earnings per share from
continuing operations .16 .12
Earnings per share .11 .09
Year ended
April 30 Percent
2000 1999 Change
---- ----
Revenue $18,351,000 $15,207,000 +21%
Net income from continuing
operations 1,229,000 1,546,000 -21%
Net income 750,000 1,228,000 -39%
Cash flow from continuing
operations 3,289,000 3,588,000 -8%
Cash flow per share from
continuing operations .66 .87
Earnings per share from
continuing operations .25 .37
Earnings per share .15 .30
Operating results for the company's terminated fire and suppression suppression /sup·pres·sion/ (su-presh´un) 1. the act of holding back or checking. 2. sudden stoppage of a secretion, excretion, or normal discharge. 3. control system business are included in discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. and 1999 figures have been restated accordingly. This business segment was sold to its former manager. Consideration accruing to BWT on the sale is based upon future revenues of the business. No value has been attributed to this contingent consideration and the balance of goodwill set up on the purchase of the business in 1997 has been written off. No further costs will be incurred with respect to the terminated operations. BW Technologies is a public company 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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