VULCAN INTERNATIONAL CORPORATION
Executive Offices:
300 Delaware Avenue, Suite 1704
Wilmington, Delaware 19801
_______________________________________________________
IMMEDIATE RELEASE November 3, 2005
Vulcan International Corporation, the parent of Vulcan Corporation, a Tennessee corporation, a diversified manufacturer of rubber and foam with a manufacturing plant in Tennessee, announced that net revenues for the third quarter ending October 31, 2005 decreased to $1,352,764 from $1,700,117 in the third quarter of 2004. Net earnings from continuing operations decreased to $76,730 in the third quarter of 2005 from $476,776 in the third quarter of 2004. There was no income from discontinued operations in the third quarter of 2005 or 2004. Net gains on asset sales in the third quarter of 2005 were $50,909 compared to a loss of $20,850 in the third quarter of 2004.
The Company had earnings in the third quarter ending September 30, 2005 of 13 cents per share as compared to 45 cents per share in the third quarter of 2004.
For the nine month period ending September 30, 2005, the company had consolidated net earnings from continuing operations of $442,008 on revenues of $4,017,664. This compares to consolidated net earnings from continuing operations of $1,165,104 on revenues of $6,606,965 in 2004. Net income from discontinued operations in the nine month period of 2005 was none compared to $1,580,938 in 2004. Net gains on asset sales for the nine months ending September 30, 2005 were $117,358 compared to $160,634 in 2004.
On a per share basis for the nine month period ending September 30, 2005, the Company had earnings of 57 cents per share compared to $2.88 in the nine months ending September 30, 2004.
Vulcan International Corporation is also the parent of Vulcan Property Management Co. and Vulcan Timberlands, Inc. which own and manage property in Cincinnati, Ohio and the Upper Peninsula of Michigan.
Attribute to Benjamin Gettler, Chairman of the Board and President
For more information: Contact Vernon E. Bachman, Vice President
Secretary and Treasurer at (513) 621-2850
VULCAN INTERNATIONAL CORPORATION
COMPARISON
3 MONTHS ENDED SEPTEMBER 30
2005 : 2004
NET REVENUES:
CONTINUING OPERATIONS 2005:$1,352,764 - 2004:$1,700,117
NET EARNINGS FROM CONTINUING OPERATIONS
CONTINUING OPERATIONS 2005:$76,730 - 2004:$476,776
NET GAINS(LOSS)ON DISPOSAL OF ASSETS 2005:$50,909 - 2004:($20,850)
TOTAL NET EARNINGS FROM CONTINUING OPERATIONS 2005:$127,639
2004:$455,926
EARNINGS PER COMMON SHARE
TOTAL EARNINGS PER COMMON SHARE 2005:$0.13 - 2004:$0.45
AVERAGE NUMBER OF
SHARES OUTSTANDING 2005: 977,707 - 2004:1,006,707
VULCAN INTERNATIONAL CORPORATION
COMPARISON
9 MONTHS ENDED SEPTEMBER 30
2005 : 2004
NET REVENUES
CONTINUING OPERATIONS 2005:$4,017,664 - 2004:$6,606,965
NET EARNINGS FROM CONTINUING OPERATIONS
CONTINUING OPERATIONS 2005:$442,008 - 2004:$1,165,104
NET GAIN(LOSS)ON DISPOSAL OF ASSETS 2005:$117,358 - 2004:$160,634
TOTAL NET EARNINGS FROM CONTINUING OPERATIONS 2005:$559,366
2004:$1,325,738
INCOME ON DISCONTINUED OPERATIONS NET OF TAX 2005:$0.00
2004:$1,580,938
TOTAL NET EARNINGS 2005:$559,366 - 2004:$2,906,676
EARNINGS PER COMMON SHARE
CONTINUING OPERATIONS 2005:$0.57 - 2004:$1.31
INCOME ON DISCONTINUED OPERATIONS 2005:$0.00 - 2004:$1.57
TOTAL EARNINGS PER COMMON SHARE 2005:$0.57 - 2004:$2.88
AVERAGE NUMBER OF
SHARES OUTSTANDING 2005:980,535 - 2004:1,006,678