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Hartco Announces 2012 Fourth Quarter and Year-end Results

Posted
2/26/2013 11:30:00 AM
By: MT Newswires
Referenced Stocks:HCI

Hartco Inc. ( HCI ) today announced its financial results for the three months and year ended December 31, 2012.

Consolidated results for the three months ended December 31, 2012

Hartco Inc. (HCI.TO) posted consolidated revenues of $94.8 million for the three months ended December 31, 2012, compared to $107.2 million for the same period last year, and a net loss of $1.0 million, or -$0.10 per share on a diluted basis compared to net earnings of $0.5 million, or $0.03 per share on a diluted basis, for the corresponding period in 2011.

Consolidated results for the year ended December 31, 2012

For the year ended December 31, 2012, Hartco's net loss was $9.0 million, or

-$0.68 per share on a diluted basis, on consolidated revenues of $394.1 million, compared to net earnings of $3.7 million, or $0.26 per share on a diluted basis, on consolidated revenues of $437.3 million for the same period last year. Consolidated Adjusted EBITDA was $1.8 million in 2012 compared to $5.3 million for the corresponding period in 2011.