DHB Industries Inc announced record revenues for the third quarter ended September 30, 2005, posting its 23rd consecutive year-over-year increase in quarterly revenues. The current backlog of contract values and delivery orders is approximately $226 million.
For the third quarter ended September 30, 2005, DHB achieved its highest quarterly revenue in its history, $90,263,000 as compared to revenues of $89,410,000 for the third quarter of 2004. Gross margins for the third quarter of 2005 were 27.3 percent versus 27.8 percent in the third quarter of 2004.
Third quarter 2005 loss available to common stockholders was $41,741,000 or ($0.92) per diluted share, as compared to income available to common stockholders of $0.18 per diluted share, or $8,058,000, in the third quarter of 2004. Weighted shares outstanding on a diluted basis for the third quarter 2005 were 45,312,536 as compared to 45,962,109 for the third quarter of 2004.
For the nine months ended September 30, 2005, DHB reported record revenues of $263,924,000, an increase of 5.6 percent as compared to revenues of $249,879,000 for the first nine months of 2004. Gross margins for the first nine months of 2005 were 27.3 percent versus 27.8 percent in the first nine months of 2004.
Driven primarily by the increase in selling, general and administrative expenses, (non-cash stock compensation, professional fees and research and development costs) and by the $60 million Zylon charge operating income for the nine months ended September 30, 2005 decreased to a loss of approximately $35.6 million versus income of approximately $37.1 million for the nine months ended September 30, 2004.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
