IBC Advanced Alloys Corp (IAALF)

[Slashnuts]

Q418 Revenue Up, Margins Jump, Profits Surge...

(Posting the previous Q's highlights to this board for my own records)

Profits Surge 456% sequentially!

Higher Operating

IBC achieved an operating profit(1) of $345,000 ($0.01 per share) on total revenue of $5.2 million, as compared to a loss in the year-ago period of $336,000 ($0.01 per share) on revenue of $4.2 million.

2018 Loss Narrowed by 87% over 2017. IBC cut its comprehensive losses by 87% in fiscal 2018 to $702,000 ($0.02 per share), compared a comparative year comprehensive loss of $5.4 million ($0.18 per share).
Sales Higher Both Q/Q and Y/Y:

Consolidated sales in the quarter rose to $5.2 million, a 24.8% increase over sales of $4.2 million in the comparable quarter of fiscal 2017, with Engineered Materials division sales up 5.5% and Copper Alloys division sales 31.5% higher. In fiscal year 2018, IBC’s consolidated sales rose 23.4% to $19.4 million, compared to sales in 2017 of $15.7 million, with Engineered Materials sales jumping 39.4% and Copper Alloy sales rising 18.3%.

Gross Margin Up Strongly: The Company’s consolidated gross margin increased in the quarter to 23.0%, from a gross margin of 6.0% in the comparable prior year period. Gross margin in fiscal year 2018 increased to 16.0% from a gross margin of 2.0% in 2017.

Process Discovered To Recover Beryllium-Rich Metal from Waste Stream: The Company has successfully developed and plans to implement in the second half of calendar 2018 a new process to recover high-value beryllium-rich metal from a scrap metal waste stream previously considered lost material and thought to have no value.

Strong Year-End Cash Position: The Company closed FY 2018 with $4.5 million in cash and cash equivalents, compared to $100,000 in cash and cash equivalents at the end of fiscal year 2017.

“I am pleased to report that IBC posted another good quarter and again achieved operating profitability(1),” said Major General Duncan Heinz (USMC, ret.), IBC’s President and CEO. “This illustrates the gains we are starting to see from deployment of new capital equipment and the resulting expansion of our production capabilities. It also shows the continuing success of the IBC team’s relentless efforts to improve margins and keep costs in check.”

“Sales were up in the quarter, and for the year, across both the Copper Alloys and Engineered Materials divisions,” said the General. “Order bookings look strong, although we anticipate some seasonality in the next quarter or two that may impact these trends. Our continuing focus is to deliver high-quality products on-time and on-spec to our customers, while we seek to capitalize on opportunities in existing and new markets.”

https://ibcadvancedalloys.com/2018/11/02/ibc-advanced-alloys-reports-fiscal-q4-and-year-end-2018-financial-results/

Good Luck To All!$!$