International Baler Corp New (OTC:IBAL)

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Wednesday, March 13, 2013

Comments & Business Outlook
INTERNATIONAL BALER CORPORATION
STATEMENTS OF INCOME

FOR THE THREE MONTHS ENDED JANUARY 31, 2013 AND 2012

Unaudited

           
           
   
    2013     2012
           
           
Net sales:          
Equipment $ 3,496,627   $ 3,809,380
Parts and service   399,239     461,415
Total net sales   3,895,866     4,270,795
           
Cost of sales   3,177,289     3,306,169
           
Gross profit   718,577     964,626
           
           
Operating expense:          
Selling expense   252,821     163,402
Administrative expense   272,347     223,067
Total operating expense   525,168     386,469
           
Operating income   193,409     578,157
           
Other income (expense):          
Interest income   430     1,666
Interest expense   (3,604)     -
Total other income (expense)   (3,174)     1,666
           
           
Income before income taxes   190,235     579,823
           
Income tax provision   74,000     224,000
           
Net income $ 116,235   $ 355,823
           
           
Basic income per share $ 0.02   $ 0.07
           
Weighted average number of shares outstanding   5,183,895     5,183,895
         
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Tuesday, January 29, 2013

Comments & Business Outlook
INTERNATIONAL BALER CORPORATION
STATEMENTS OF INCOME
YEARS ENDED OCTOBER 31, 2012 AND 2011
       
      2012   2011
           
Net sales:        
  Equipment   $ 15,910,289   $ 9,318,844
  Parts and service   1,909,656   1,730,670
Total net sales   17,819,945   11,049,514
           
Cost of sales   14,092,373   8,587,872
           
Gross profit   3,727,572   2,461,642
           
           
Operating expense:        
  Selling expense   802,864   524,141
  Administrative expense   1,041,563   828,635
Total operating expense   1,844,427   1,352,776
           
Operating income   1,883,145   1,108,866
           
Other income (expense):        
  Interest income   6,047   8,297
  Interest expense   (516)   -
Total other income (expense)   5,531   8,297
           
           
Income before income taxes   1,888,676   1,117,163
           
Income tax provision   681,246   433,500
           
Net income   $ 1,207,430   $ 683,663
           
           
Basic income per share   $ 0.23   $ 0.13
Diluted income per share   0.23   0.13
           
Weighted average number of shares outstanding - basic 5,183,895   5,077,045
    - diluted 5,183,895   5,133,014
           
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Wednesday, September 12, 2012

Comments & Business Outlook

 

INTERNATIONAL BALER CORPORATION
STATEMENTS OF INCOME
FOR THE THREE MONTHS AND NINE MONTHS ENDED JULY 31, 2012 and 2011
                 
UNAUDITED
                 
                 
                 
             
    Three Months   Nine Months
             
      2012       2011       2012       2011  
Net Sales:                                
    Equipment   $ 4,666,461     $ 2,699,995     $ 12,611,610     $ 6,551,045  
    Parts and Service     426,692       405,113       1,386,297       1,235,781  
Total Net Sales     5,093,153       3,105,108       13,997,907       7,786,826  
                                 
Cost of Sales     4,023,479       2,377,455       10,867,098       6,037,624  
                                 
Gross Profit     1,069,674       727,653       3,130,809       1,749,202  
                                 
                                 
Operating Expense:                                
    Selling Expense     185,376       130,995       553,326       357,400  
    Administrative Expense     278,112       203,938       741,686       548,460  
Total Operating Expense     463,488       334,933       1,295,012       905,860  
                                 
Operating Income     606,186       392,720       1,835,797       843,342  
                                 
Other Income (Expense):                                
    Interest Income     1,392       2,021       4,613       6,417  
Total Other Income     1,392       2,021       4,613       6,417  
                                 
                                 
Income Before Income Taxes     607,578       394,741       1,840,410       849,759  
                                 
Income Tax Provision     237,000       154,000       715,000       329,500  
                                 
Net Income   $ 370,578     $ 240,741     $ 1,125,410     $ 520,259  
                                 
                                 
Basic Income per share   $ 0.07     $ 0.05     $ 0.22     $ 0.10  
Diluted Income per share     0.07       0.05       0.22       0.10  
                                 
Weighted average number of shares outstanding - Basic     5,183,895       5,183,895       5,183,895       5,041,038  
                                                                             - Diluted     5,183,895       5,183,895       5,183,895       5,115,867  
                                 
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Tuesday, June 12, 2012

Comments & Business Outlook

 

INTERNATIONAL BALER CORPORATION
STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS AND SIX MONTHS ENDED APRIL 30, 2012 and 2011
                       
UNAUDITED
                       
                       
                       
               
    Three Months     Six Months
               
    2012     2011     2012     2011
Net Sales:                       
     Equipment  $          4,135,769    $          2,438,430    $          7,945,149    $          3,851,050
     Parts and Service              498,190                400,630                959,605                830,668
Total Net Sales           4,633,959             2,839,060             8,904,754             4,681,718
                       
Cost of Sales           3,537,450             2,151,902             6,843,619             3,660,169
                       
Gross Profit           1,096,509                687,158             2,061,135             1,021,549
                       
                       
Operating Expense:                      
     Selling Expense              204,548                121,891                367,950                226,405
     Administrative Expense              240,507                181,237                463,574                344,522
Total Operating Expense              445,055                303,128                831,524                570,927
                       
Operating Income               651,454                384,030             1,229,611                450,622
                       
Other Income (Expense):                      
     Interest Income                 1,555                   2,391                   3,221                   4,396
Total Other Income                  1,555                   2,391                   3,221                   4,396
                       
                       
Income Before Income Taxes              653,009                386,421             1,232,832                455,018
                       
Income Tax Provision               254,000                149,000                478,000                175,500
                       
Net Income   $            399,009   $            237,421   $            754,832   $            279,518
                       
                       
Basic Income per share $ 0.08   $ 0.05   $                 0.15   $                 0.06
Diluted Income per share   0.08     0.05                     0.15                     0.06
                       
Weighted average number of shares outstanding - Basic           5,183,895             5,004,120             5,183,895             4,968,425
                                                                              - Diluted           5,183,895             5,099,626             5,183,895             5,081,290

The sales order backlog was $6,830,000 at April 30, 2012 and $4,055,000 at April 30, 2011.

 

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Tuesday, March 13, 2012

Comments & Business Outlook

JACKSONVILLE, FL -- (Marketwire) -- 03/13/12 -- International Baler Corporation (OTCQB: IBAL) (PINKSHEETS: IBAL), manufacturer of recycling equipment and related material handling equipment, reported net income of $355,823 on sales of $4,270,795 in the first quarter ending January 31, 2012, compared to net income of $42,097 on sales of $1,842,658 in the first quarter of fiscal 2011. The higher sales and income were the result of improved market conditions and higher commodity prices for recycled materials compared to the first quarter of 2011. Also, the Company expanded its dealer network by adding several new dealers and improving coverage of market areas in the United States in 2011.

The Company earned $0.07 per share in the first quarter of 2012 versus $0.01 per share in the first quarter of fiscal 2011.

The sales order backlog was $7,800,000 at January 31, 2012, compared to $3,295,000 at January 31, 2011. 

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