MARCH 19, 2007
FOR IMMEDIATE RELEASE
Vulcan International, a holding company with facilities in Tennessee manufacturing rubber and foam products, and real estate operations in Ohio, Michigan and Tennessee, announced that revenues for the year ending December 31, 2006 increased to $9,918,665 from $8,828,273 in 2005. Net earnings in 2006 were $1,933,593 compared to $1,244,383 in 2005. Diluted earnings per common share in 2006 were $1.95 per share compared to $1.26 in 2005.
Sales of the Company's wholly-owned subsidiary manufacturing rubber and foam in Clarksville, Tennessee increased from $4,416,206 in 2005 to $4,816,334 in 2006. That increase was due largely to an increase in sales of foam.
At its Board meeting held March 16, 2007, the Board declared a dividend of $.10 per share payable June 13 to shareholders of record June 1.
Attribute to Benjamin Gettler, Chairman of the Board and President.