Automodular Corporation
TSX : AM

Automodular Corporation

May 09, 2013 14:54 ET

Automodular Corporation: First Quarter 2013 Results

AJAX, ONTARIO--(Marketwired - May 9, 2013) - Automodular Corporation ("Automodular") (TSX:AM) reports net earnings of $3.6 million or $0.18 per share for the quarter ended March 31, 2013. Net earnings for the same period in 2012 were also $3.6 million or $0.18 per share.

The results for the first quarter are summarized below (all figures in '000s except per share amounts):

Three months ended
March 31
2013
$
2012
$
Sales 21,807 23,818
Net earnings 3,636 3,631
Per share (basic and diluted) 0.18 0.18

The Board of Directors has declared a regular quarterly dividend of $0.06 per share payable June 6, 2013 to shareholders of record May 23, 2013.

Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry - Ford Motor Company's Oakville Assembly Plant. The Company has two operating facilities and employs approximately 525 people.

Contact Information