IWRGF.. $0.1628... IWG Tecnologies..
IWG Tecnologies is the world’s leading provider of aircraft water treatment and innovative water system solutions and components. Since 1982, hundreds of corporate, VIP, and military transport operators have chosen an International Water-Guard (IWG) solution to the problem of onboard water quality.
Major business jet manufacturers now offer IWG’s water treatment units as either a standard factory installation, or as a customer option. In all, more than 2,000 of IWG’s units have been factory-installed or retrofitted to aircraft worldwide.
Building on this expertise, IWG developed capability to deliver full aircraft water systems, and in particular its patented circulating potable water system (C-PWS™). Weight, space, and maintenance downtime are all reduced, while performance and water quality increase - all with the elimination of in-flight freezing. These benefits have all been proven in service conditions on multiple types over many years.
Today IWG can address all of your potable water system needs – from water treatment, through modification kits that can include pumps, heaters, tanks or structural details, to complete water systems including control technology.
Operating from thier headquarters near Vancouver, British Columbia, our team of aviation water professionals continues to develop new and better solutions to the issues surrounding onboard water supply.
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News Release
IWG ANNOUNCES GROWTH IN REVENUES AND OPERATING INCOME FOR THE SECOND QUARTER OF FISCAL 2013
April 30, 2013
Burnaby, BC, Canada – IWG Technologies Inc. (IWG) today announced its financial results for fiscal 2013’s second quarter ended March 31, 2013.
The Company is pleased to report second quarter revenue of $1,835,041, a 25% increase over last year’s figure of $1,463,213. Income from Operating Activities was $452,566 vs. $111,539, a fourfold increase over a year earlier. Net earnings were $266,312 compared to $94,953 for last year’s second quarter. The current quarter’s revenue growth did benefit from some anticipated first quarter deliveries being made in the second quarter.
Six month revenue was $3,186,405, a 17% increase over the comparable period of the prior year’s revenue of $2,732,574, with income from Operating Activities of $628,407 increasing 280% over the prior year’s six month period. Net earnings for the six months were $374,539, up 171% over last year.
This year’s second quarter results provided net earnings of 0.7¢ per share (1.0¢ year-to-date) compared to 0.3¢ in the prior year (0.6¢ prior year-to-date), on both a basic and fully diluted basis. Detailed financial statements and MD&A will be available on www.sedar.com and the company website at www.iwgtech.com.
The results are summarized as follows:
Three month period ended Six month period ended
March 31 March 31
Expressed in thousands of dollars 2013 2012 Change 2013 2012 Change (except per share amounts)
Revenue $ 1,835 $ 1,463 25% $ 3,186 $ 2,733 17%
Gross profit 986 726 36% 1,646 1,403 17%
Operating income 453 112 406% 628 224 280%
Net Income 266 95 280% 375 219 171%
Net Income per Share 0.7¢ 0.3¢ 1.0¢ 0.6¢
EBITDA $ 417 $196 $627 $409
EBITDA per Share 1.1¢ 0.5¢ 1.7¢ 1.1¢
“Second quarter revenue provided a continuation of both revenue and earnings growth that has been the Company’s focus for the past year.” says Bruce Gowan, IWG’s Chairman.
“Revenue has shown steady growth in existing contracts, new products and new customers”, says Bruce MacCoubrey, President and CEO of International Water-Guard Industries Inc. “With the completion of the development phase of the FACC contract during the third quarter, the Company will soon be making initial deliveries of its Compact Water Systems.”
IWG Technologies Inc. is the public holding company for International Water-Guard Industries Inc., a Canadian aerospace company focused on aircraft potable water treatment, water systems, water heaters and components. IWG has expertise in all aspects of water treatment, has the products and know-how to provide high quality water for passengers and crew, and lightweight, space-saving solutions for the aircraft operator.
On behalf of the Board of Directors
Bruce Gowan
Chairman of the Board
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News Release
IWG ANNOUNCES GROWTH IN REVENUES AND OPERATING INCOME FOR THE FIRST QUARTER OF FISCAL 2013
January 29, 2013 Burnaby, BC, Canada – IWG Technologies Inc. (IWG) today announced its financial results for fiscal 2013’s first quarter ended December 31, 2012.
The Company is pleased to report quarter revenue of $1,351,363 a 6% increase over the previous year’s figure of $1,269,361. Income from Operating Activities was $175,841 vs. $112,138 a 57% increase over a year earlier. Net earnings were $108,227 compared to $123,793 for last year’s first quarter. Prior year’s first quarter results benefited with a foreign exchange gain.
This year’s first quarter results provided net earnings of 0.3¢ per share compared to 0.3¢ in the prior year, on both a basic and fully diluted basis. Detailed financial statements and MD&A will be available on www.sedar.com and the company website at www.iwgtech.com.
The results are summarized as follows:
Three month period ended December 31
Expressed in thousands of dollars 2012 2011 Change
(except per share amounts)
Revenue $ 1,351 $ 1,269 6%
Gross profit 660 668 -1%
Operating income 176 112 57%
Net Income 108 124 -13%
Net Income per Share 0.3¢ 0.3¢
EBITDA $ 211 $ 213
EBITDA per Share 0.6¢ 0.6¢
“First quarter revenue provided a continuation of revenue growth that commenced in fiscal 2012 which resulted in record margins and net profit. Operating income is also stronger but was offset in part by a weaker US$ during the quarter that reduced the Company’s net income during the quarter.” says Bruce Gowan, IWG’s Chairman.
”Revenue growth is continuing in 2013 as IWG delivers to existing contracts, the new Gulfstream 650 contract and introduces new products”, says Bruce MacCoubrey, President and CEO of International Water-Guard Industries Inc.
IWG Technologies Inc. is the public holding company for International Water-Guard Industries Inc., a Canadian aerospace company focused on aircraft potable water treatment, water systems, water heaters and components. IWG has expertise in all aspects of water treatment, has the products and know-how to provide high quality water for passengers and crew, and lightweight, space-saving solutions for the aircraft operator.
On behalf of the Board of Directors
Bruce Gowan
Chairman of the Board
