Along w/ housing construction, comes other construction. Demand continues to outweigh supply for building materials in the east, which should help IPII's profits. There also seems to be a demand for IPII shares which should continue to help IPII's share price, or at least help hold it in the high teens. I may be wrong, but IMO, IPII can easily show $0.60+ eps for the upcoming quarter along w/ $2.00+ for the year. We'll see what happens.
More growth on the way....
"In addition, the Company opened a new distribution facility in St. Augustine, Florida in May 2005 in a continuing effort to increase market share in the Company's rapidly growing trade area. The Company now has eleven building materials distribution facilities and is evaluating the establishment of other distribution facilities in selected markets within the Southeastern United States.
S. Daniel Ponce, Imperial's Chairman of the Board, stated, "The 2005 first quarter results reflect the continued high level of demand for our products in the construction industry and the eighth consecutive profitable quarter for the Company. The Company has completed the installation of the equipment for the plant modernization project for its Winter Springs, Florida (Greater Orlando Area) manufacturing facility, which is expected to impact operating efficiencies by the end of the second quarter. We also believe the new St. Augustine distribution facility will become an important addition to the Company. We remain committed to profitable growth and are evaluating other strategic measures to enhance shareholder value."
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