EXHIBIT 99.1
International Aluminum Corporation Announces
Results For The Second Quarter and Declares Dividend
MONTEREY PARK, Calif., February 10, 2005: International Aluminum Corporation (NYSE: IAL) today announced results for the quarter and six months ended December 31, 2004 as follows:
|
| Quarter Ended December 31 |
| ||||
|
| 2004 |
| 2003 |
| ||
Net sales |
| $ | 61,759,000 |
| $ | 50,698,000 |
|
|
|
|
|
|
| ||
Income from continuing operations |
| $ | 2,791,000 |
| $ | 1,562,000 |
|
Income from discontinued operations |
| — |
| 88,000 |
| ||
Net income |
| $ | 2,791,000 |
| $ | 1,650,000 |
|
|
|
|
|
|
| ||
Basic and diluted EPS: |
|
|
|
|
| ||
Continuing operations |
| $ | .66 |
| $ | .37 |
|
Discontinued operations |
| — |
| .02 |
| ||
Total |
| $ | .66 |
| $ | .39 |
|
|
| Six Months Ended December 31 |
| ||||
|
| 2004 |
| 2003 |
| ||
Net sales |
| $ | 122,486,000 |
| $ | 103,654,000 |
|
|
|
|
|
|
| ||
Income from continuing operations |
| $ | 5,825,000 |
| $ | 3,100,000 |
|
Income from discontinued operations |
| — |
| 129,000 |
| ||
Net income |
| $ | 5,825,000 |
| $ | 3,229,000 |
|
|
|
|
|
|
| ||
Basic and diluted EPS: |
|
|
|
|
| ||
Continuing operations |
| $ | 1.37 |
| $ | .73 |
|
Discontinued operations |
| — |
| .03 |
| ||
Total |
| $ | 1.37 |
| $ | .76 |
|
The Company also reported that at a regular meeting of its Board of Directors, the Company declared a regular quarterly cash dividend of $.30 per share payable April 11, 2005 to shareholders of record as of March 21, 2005.
Contact:
David C. Treinen, President (323) 264-1670
Mitchell K. Fogelman, Senior Vice President-Finance (323) 264-1670
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