OVERVIEW Imperial Industries, Inc. (the "Company") is a Delaware corporation, which through its predecessor corporation has been in existence since 1968. The Company's executive offices are located at 1259 Northwest 21st Street, Pompano Beach, Florida 33069 and the telephone number at such offices is (954) 917-4114. The Company, through its subsidiaries, is engaged in the manufacturing and distribution of building materials to building materials dealers and others located primarily in Florida, Mississippi, Georgia, and Alabama and to a lesser extent, other states in the Southeastern part of the United States as well as foreign countries. The Company presently has thirteen distribution outlets through which it markets certain of its manufactured products and other purchased products directly to developers, builders, contractors, and sub-contractors. The Company's business is directly related to the level of activity in the new and renovation construction market in the Southeast United States. The Company's products are used by developers, general contractors and sub-contractors in the construction or renovation of residential, multi-family and commercial buildings and swimming pools. The Company manufactures product through its wholly owned subsidiaries, Premix-Marbletite Manufacturing Co., in business over 40 years, and Acrocrete, Inc., organized in 1988. The Company distributes products through its wholly owned subsidiary, Just-Rite Supply, Inc. The manufacturing operations primarily produce and distribute stucco, roof tile mortar and plaster products, while the distribution operations expand the Company's product line by distributing gypsum, roofing and insulation products, as well ad products manufactured by the Company. Stucco products are applied as a finishing coat to exterior surfaces and to swimming pools. Roof tile mortar is used to adhere cement roof tiles to the roof. Plaster customarily is used to finish interiors of structures.
November 11 , 2004 IMPERIAL ANNOUNCES RECORD 2004 THIRD AND NINE-MONTH November 4 , 2004 IMPERIAL INDUSTRIES, INC. TO SEEK STOCKHOLDER APPROVAL OF REVERSE STOCK SPLIT; SETS DATE FOR SPECIAL MEETING OF STOCKHOLDERS September 30 , 2004 HURRICANE NEWS August 12, 2004 IMPERIAL ANNOUNCES RECORD 2004 SECOND QUARTER AND SIX-MONTH RESULTS June 1, 2004 IMPERIAL ANNOUNCES MANAGEMENT CHANGES FOR ITS SUBSIDIARIES May 13, 2004 IMPERIAL ANNOUNCES 2004 FIRST QUARTER RESULTS March 31, 2004 Imperial Industries Inc. Announces 2003 Results
FINANCIAL HIGHLIGHTS Years Ended December 31 (Dollars in thousands, except per share data) *For complete information, please go to Company filings with the Securities and Exchange Commission at Edgar website: Edgar Online IMPERIAL INDUSTRIES, INC.
OPERATING RESULTS
2003 2002 2001 2000 1999 Net Sales $41,069 $36,504 $39,514 $40,730 $22,604 Operating Income $1,174 $745 $655 $1,527 $1,474 Income (loss) before taxes $938 $343 $(93) $920 $1,033 Net income (loss) applicable to common stockholders $640 $(1,207) $(221) $534 $1,220 Net income (loss) per fully diluted share applicable to common stockholders $0.07 $(0.13) $(0.02) $0.06 $0.15 EBITDA* $1,691 $1,333 $1,489 $2,010 $1,730 *EBITDA represents earning before interest, taxes, depreciation, amortization and certain other income and expense items, including a non-cash charge of $238,000 for goodwill impairment in 2001. EBITDA is an indicator of cash flow generated from operations that is available for taxes, debt service and capital expenditures.
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