Business
News Release 12-31/2005
News Release 12-31/2005.
About this update from Vulcan International Corp
[{"type":"text","content":" NEWS RELEASE\r\n\r\nVULCAN INTERNATIONAL\r\n CORPORATION \r\nExecutive Offices:\r\n300 Delaware Avenue, Suite 1704 \r\nWilmington, Delaware 19801\r\n\r\n \r\n__________________________________________________________________\r\n\r\nIMMEDIATE RELEASE\t April 19, 2006 \r\n\r\nVulcan International, a holding company with facilities in Tennessee manufacturing rubber and foam products, and real estate operations in Ohio, Michigan and Tennessee, announced that net operating revenues for the year ending December 31, 2005 declined to $5,789,717 from $8,099,100 in 2004. Net earnings from operations in 2005 were $895,359 compared to $1,345,114 in 2004.\r\n\r\nIn 2004, the Company sold its bowling pin operations which resulted in a gain of $1,542,852. Sales of other assets in 2004 resulted in gains of $170,287 compared to $349,024 on sales of assets in 2005. The earnings per common share in 2004 excluding the $1.54 per share on the gain of the Bowling Pin Division were $1.51 compared to $1.27 in 2005.\r\n\r\nAttribute to Benjamin Gettler, Chairman of the Board and President\r\n\r\nFor more information: Contact Vernon E. Bachman, Vice President\r\n\t\t\t Secretary and Treasure at (513) 621-2850 \r\n\r\n\r\n\r\n \r\n\t\t VULCAN INTERNATIONAL CORPORATION\t\t\t\t\r\n\t\t\t COMPARISON\t\t\t\r\n\t\t\t12 MONTHS ENDED DECEMBER 31\t\t\t\r\n\t\t\t \t\t\t\t\t\t\r\nNET REVENUES EXCLUDING ASSET SALES\t\t\t\t CONTINUING OPERATIONS\t2005-\t 5,789,717, 2004- 8,099,100 (1)\t\t\t\t\t\t\t\r\nEARNINGS NET OF TAX\t\t\t\t\t\r\n\t OPERATIONS\t2005-\t 895,359 , 2004 1,345,114 (1)\r\n\t\t\t\t\t\t\r\n GAIN ON SALE OF ASSET SALES\t\t \r\n SALE OF BOWLING PIN DIVISION\t2005- 0.00, 2004- 1,542,852\r\nSALE OF OTHER ASSETS 2005- 349,024, 2004- 170,287 \r\n\t\t\t\t\t\t\r\n\tTOTAL NET EARNINGS 2005- 1,244,383, 2004- 3,058,253 \t\r\n\t\t\t\t\t\r\nEARNINGS PER COMMON SHARE EXCLUDING\t\t\t\t\r\nGAIN ON SALE OF BOWLING PIN OPERATIONS 2005-1.27, 2004- 1.51 \r\n\t\t\t\t\r\nEARNINGS PER COMMON SHARE ON SALE OF \t\t\t\t\r\nBOWLING PIN OPERATIONS\t2005-0.00, 2004- 1.54 \r\n\t\t\t\t\t\r\n TOTAL EARNINGS PER COMMON SHARE 2005-1.27, 2004-3.05 \r\n\r\n\tAVERAGE NUMBER OF\t\t\t\t\r\n\tSHARES OUTSTANDING\t2005-979,806, 2004- 1,003,636\r\n\t\t\t\t\t\r\n(1)\t Includes $39,739 from discontinued bowling pin operations\t\t\t\t\r\n\t\t\t\t\t\r\n\r\n","length":2264,"tagName":"div"}]