NEWS RELEASE
VULCAN INTERNATIONAL
CORPORATION
Executive Offices:
300 Delaware Avenue, Suite 1704
Wilmington, Delaware 19801
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IMMEDIATE RELEASE April 19, 2006
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 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.
In 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.
Attribute to Benjamin Gettler, Chairman of the Board and President
For more information: Contact Vernon E. Bachman, Vice President
Secretary and Treasure at (513) 621-2850
VULCAN INTERNATIONAL CORPORATION
COMPARISON
12 MONTHS ENDED DECEMBER 31
NET REVENUES EXCLUDING ASSET SALES CONTINUING OPERATIONS 2005- 5,789,717, 2004- 8,099,100 (1)
EARNINGS NET OF TAX
OPERATIONS 2005- 895,359 , 2004 1,345,114 (1)
GAIN ON SALE OF ASSET SALES
SALE OF BOWLING PIN DIVISION 2005- 0.00, 2004- 1,542,852
SALE OF OTHER ASSETS 2005- 349,024, 2004- 170,287
TOTAL NET EARNINGS 2005- 1,244,383, 2004- 3,058,253
EARNINGS PER COMMON SHARE EXCLUDING
GAIN ON SALE OF BOWLING PIN OPERATIONS 2005-1.27, 2004- 1.51
EARNINGS PER COMMON SHARE ON SALE OF
BOWLING PIN OPERATIONS 2005-0.00, 2004- 1.54
TOTAL EARNINGS PER COMMON SHARE 2005-1.27, 2004-3.05
AVERAGE NUMBER OF
SHARES OUTSTANDING 2005-979,806, 2004- 1,003,636
(1) Includes $39,739 from discontinued bowling pin operations