IPII - 1Q earnings looked great.
Friday , May 13, 2005 09:43 ET
POMPANO BEACH, Fla., May 13 /PRNewswire-FirstCall/ -- Imperial Industries, Inc. (Nasdaq: IPII) announced today the results of operations for the quarter ended March 31, 2005.
The Company generated net income of $831,000, or $.33 per diluted share, in the first quarter of 2005, compared to net income of $362,000, or $.15 per diluted share for the same period in 2004, a 120% increase in per share earnings. Net sales in the first three months of 2005 were $16,592,000, an increase of 39.2% over net sales of $11,923,000 for the same period in 2004. The increase in sales was primarily attributable to continuing strong industry construction demand for Company products. Higher sales volume and greater operating efficiencies produced the improved first quarter results in 2005.
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