November 8, 2017
NINE MONTHS ENDED 9/30/2017
The Board of Directors of Vulcan International at a Director's meeting held Wednesday, November 8, 2017 announced that revenues for the three months ending September 30, 2017 increased to $1,453,331 from $1,080,788 for the three months ending September 30, 2016. Net earnings for the three months ending September 30, 2017 were $592,471 compared to $436,761 for the three months ending September 30, 2016. Earnings per common share for the three months ending September 30, 2017 were $.65 compared to $.48 for the three months ending September 30, 2016. The revenues for the nine months ending September 30, 2017 increased to $4,003,905 from $3,521,067 for the nine months ending September 30, 2016. Net earnings for the nine months ending September 30, 2017 were $1,388,963 compared to $1,394,356 for the nine months ending September 30, 2016. Earnings per common share for the nine months ending September 30, 2017 were $1.52 compared to $1.53 for the nine months ending September 30, 2016. Sales of the Company's wholly-owned subsidiary manufacturing rubber and foam products in Clarksville, Tennessee were $3,032,103 for the nine months ending September 30, 2017 versus $2,895,649 for the nine months ending September 30, 2016, an increase of $136,454.
At the same meeting, the Board declared a dividend of $.70 per share on the common stock of the Company, payable December 4, 2017 to shareholders of record November 22, 2017.
Vulcan International is the parent of three real estate companies located in Ohio, Michigan and Tennessee respectively and is also the parent of Vulcan Corporation, which is a manufacturer of rubber and foam products with a manufacturing plant in Tennessee.
Attribute to John Gabriel, President