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Armco Metals Hldgs Inc (OTC:AMCO)

Wednesday, August 19, 2009

2nd QUARTER 2009 vs. 2008 FINANCIAL SNAPSHOT ENDED JUNE

2nd Quarter 2009 2nd Quarter 2008 Period Change

GAAP Revenue $22.5 million $13.1 million 71.8%

GAAP EPS $0.33 $.24 37.5%

Geo Supplied Non-GAAP EPS ^a $0.33 $0.08 312.5%

Tax Rate benefit 6.4% n/a

Fully Tax-Adjusted Geo Supplied Non-GAAP EPS ^b $0.21 $0.06 250.0%

Fully Diluted Shares 10,097,449 7,606,000 32.8%

Source: See SEC Form 10Q,

1st QUARTER 2009 vs. 2008 FINANCIAL SNAPSHOT ENDED MARCH

	1st Quarter 2009	1st Quarter 2008	Period Change
GAAP Revenue	$5.4 million	$9.8 million	-44.9%
GAAP EPS	$0.01	$0.14	-92.9%
Tax Rate	0.6%	26.0%	-97.7%
Fully Tax-Adjusted GAAP EPS ^b	$0.008	$0.12	-93.3%
Fully Diluted Shares	10,095,616	5,300,000	90.5%

Source: See SEC From, Date, 2009

FULL YEAR 2009 vs. 2008 FINANCIAL SNAPSHOT ENDED DECEMBER

	Full Year 2008	Full Year 2007	Period Change
GAAP Revenue	$55.4 million	$75.3 million	26.4%
GAAP EPS	$0.44	$1.02	-56.9%
GEO Supplied Non-GAAP EPS ^a	$0.29	$1.02	-71.6%
Tax Rate	19.4%	19.1%	1.6%
Fully Tax-Adjusted GEO Supplied Non-GAAP EPS ^b	$0.24	$0.65	63.1%
Fully Diluted Shares	7,512,085	5,300,000	41.7%

Source: See Release, Date, 2009

^a Non-GAAP EPS Figures exclude certain non-operating gains and losses as well as certain non-cash items contained in the company's filings. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

^b For valuation purposes, The GeoTeam® prefers to adjust EPS to reflect a tax rate of 36%.

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