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International FiberCom, Inc. Reports Record Revenue & Earnings for 1998
Year End Sales Increase By 83% to $105 Million, EPS Increases By 23%, EBITDA Increases By 157%
PHOENIX--(BUSINESS WIRE)--March 22, 1999--
International FiberCom, Inc. (Nasdaq:IFCI -
news), and its Chairman & CEO, Joseph P. Kealy, announced today record operating results for the year
ended December 31, 1998.
The Company reported a record profit of $11,355,601 or $.43 diluted earnings per share (EPS), on record revenues of $104,975,995 for the year ended December 31, 1998. These results compare to a profit of $6,205,202 or $.35 diluted earnings per share for the year ended December 31, 1997. Gross profit margins increased to 33% during the year versus 29% for the same period a year ago.
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