Zolt 4Q results do not disappoint! From Briefing:
ZOLTEC COS (ZOLT) 31 3/4 +3 1/4. St-Louis-based applied technology and materials company reported blow-out 4th qtr results, sending shares soaring to an intra-day high of $33 this morning. For the period, net income soared to $0.16 a share from year-ago earnings from continuing
operations of $0.05 a share. SinceWall Street was expecting company to only earn $0.11 a share market is extremely about this stock which has fallen from $37 a share since late-October. Zoltec's 4th qtr revenue figure was just as impressive, rising 440% to $21.74 million. Company attributed the record results to the continuing growth of its carbon fibers operations and the "substantial" improvement in it the operations of its Zoltec Magyar Viscosa unit. Company closes its fiscal year with strong numbers across the board, a 443% increase in revenues to $68.96 million, a 205% increase in net income to $6.21 million, and a rise in earnings per share to $0.45 a share from the $0.16 earned in "95 from continuing operations. Market viewing shares, which have fallen from a one year high of $47.25, as an attractive buy based on valuation and earnings/revenue momentum.
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Flyguy, what's your reading of these results? They seem VERY impressive to me,
Regards,
Tulvio |
