EXHIBIT 99.1
International Aluminum Corporation Announces
Results For The Third Quarter and Declares Dividend
MONTEREY PARK, Calif., May 12, 2005: International Aluminum Corporation (NYSE: IAL) today announced results for the quarter and nine months ended March 31, 2005 as follows:
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| Quarter Ended March 31 |
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| 2005 |
| 2004 |
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Net sales |
| $ | 62,088,000 |
| $ | 50,064,000 |
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Net income |
| $ | 2,731,000 |
| $ | 855,000 |
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Basic and diluted EPS |
| $ | .64 |
| $ | .20 |
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|
| Nine Months Ended March 31 |
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| 2005 |
| 2004 |
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Net sales |
| $ | 184,574,000 |
| $ | 153,718,000 |
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Income from continuing operations |
| $ | 8,556,000 |
| $ | 3,955,000 |
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Income from discontinued operations |
| — |
| 129,000 |
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Net income |
| $ | 8,556,000 |
| $ | 4,084,000 |
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Basic and diluted EPS: |
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Continuing operations |
| $ | 2.01 |
| $ | .93 |
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Discontinued operations |
| — |
| .03 |
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Total |
| $ | 2.01 |
| $ | .96 |
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During the quarter and nine months ended March 31, 2005, the Company incurred $310,000 and $520,000, respectively, of pretax expenses related to complying with the internal control requirements of the Sarbanes-Oxley legislation.
The Company also reported that its Board of Directors has declared a regular quarterly cash dividend of $.30 per share payable July 11, 2005 to shareholders of record as of June 20, 2005.
Contact:
David C. Treinen, President (323) 264-1670
Mitchell K. Fogelman, Senior Vice President-Finance (323) 264-1670
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