UFAB beats earnings estimates. Earns .38, .02 ahead of consensus. I've always liked this one. Year over year growth, both top and bottom line, two analysts -- two strong buys; not too shabby in this environment. Only problem is it's very thinly traded. Oh yeah, it's also in the OS sector, so I guess it's trading at fair value with a single digit PE. <g>
Thursday November 12, 4:56 pm Eastern Time
Company Press Release
UNIFAB International, Inc. Reports Second Quarter Earnings
NEW IBERIA, La.--(BUSINESS WIRE)--Nov. 12, 1998--UNIFAB International, Inc. (NASDAQ: UFAB - news) today reported net income of $1.7 million ($.38 per share) on revenue of $31.6 million for its second quarter ended September 30, 1998, compared to net income of $1.5 million ($.33 per share) on revenues of $26.5 million for the second quarter ended September 30, 1997. Net income for the six months ended September 30, 1998 was $3.9 million ($.76 per share) on revenue of $60.3 million, compared to net income of $3.3 million ($.77 per share) on revenues of $60.3 million for the six months ended September 30, 1997. Net income for the periods ended September 30, 1998 include acquisition expenses of $275,000 and an adjustment for deferred income taxes of $525,000 associated with the acquisition of Allen Tank, Inc., which has been accounted for as a pooling of interests.
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biz.yahoo.com
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