NEWS RELEASE
November 16, 2016
NINE MONTHS ENDED 9/30/2016
The Board of Directors of Vulcan International Corporation at a Directors’ meeting held Tuesday, November 15, 2016 announced that revenues for the three months ending September 30, 2016 decreased to $1,080,788 from $1,155,499 for the three months ending September 30, 2015. Net earnings for the three months ending September 30, 2016 were $436,761 compared to $322,621 for the three months ending September 30, 2015. Earnings per common share for the three months ending September 30, 2016 were $.48 compared to $.35 for the three months ending September 30, 2015. The revenues for the nine months ending September 30, 2016 decreased to $3,521,067 from $3,548,124 for the nine months ending September 30, 2015. Net earnings for the nine months ending September 30, 2016 were $1,394,356 compared to $1,009,489 for the nine months ending September, 2015. Earnings per common share for the nine months ending September 30, 2016 were $1.53 compared to $1.10 for the nine months ending September 30, 2015. Sales of the Company’s wholly-owned subsidiary manufacturing rubber and foam products in Clarksville, Tennessee were $2,895,649 for the nine months ending September 30, 2016 versus $2,921,628 for the nine months ending September 30, 2015, a decrease of $25,979.
At the same meeting, the Board declared a dividend of $.43 per share on the common stock of the Company, payable December 9, 2016 to shareholders of record November 28, 2016.
Vulcan International Corporation 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