Record revenue

Clearford Industries Inc. reaches record-high revenue of $8.3 million in its third quarter, an 8% increase over that for the same period last year. However, net income was more than halved, dropping to $185,000 ($0.1 a share) from $432,000 ($0.2 a share) due to a “combination of the Clearford.jpggross margin effect of the change in sales product mix and customer price incentives” for the company’s Brooklin Concrete division. “We have a strong pipeline of sales opportunities for our wastewater division and expect revenue and contribution from that division in the fourth quarter and in 2008,” says Clearford’s CEO Bruce Linton. “The market for infrastructure remains strong and we remain confident that this segment of the market will provide both of our operating divisions with significant growth potential.” Clearford expects a loss in Q4, as seasonal weather effects construction operations.

Submit a comment

Please leave your name, which will be used to sign your submission to the SCANsite. Thanks for contributing your thoughts. Come back again. Tony Patterson, Editor & CEO.

© 2006 - 2009 SCAN
INTEGRITY INTELLIGENCE INFORMATION
Site by Citadel Rock
SCAN