EXHIBIT 99.1
International Aluminum Corporation Announces
Results For The Fourth Quarter and Declares Dividend
MONTEREY PARK, Calif., August 18, 2005: International Aluminum Corporation (NYSE: IAL) today announced results for the quarter and fiscal year ended June 30, 2005 as follows:
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| Quarter Ended June 30 |
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| 2005 |
| 2004 |
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Net sales |
| $ | 67,014,000 |
| $ | 59,316,000 |
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Net income |
| $ | 4,386,000 |
| $ | 2,574,000 |
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Basic and diluted EPS |
| $ | 1.03 |
| $ | .61 |
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| Fiscal Year Ended June 30 |
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| 2005 |
| 2004 |
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Net sales |
| $ | 251,588,000 |
| $ | 213,034,000 |
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Income from continuing operations |
| $ | 12,942,000 |
| $ | 6,529,000 |
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Income from discontinued operations |
| — |
| 129,000 |
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Net income |
| $ | 12,942,000 |
| $ | 6,658,000 |
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Basic and diluted EPS: |
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Continuing operations |
| $ | 3.04 |
| $ | 1.54 |
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Discontinued operations |
| — |
| .03 |
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Total |
| $ | 3.04 |
| $ | 1.57 |
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During the quarter and fiscal year ended June 30, 2005, the Company incurred $260,000 and $780,000, 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 October 10, 2005 to shareholders of record as of September 20, 2005.
Contact:
Ronald L. Rudy, President (323) 264-1670
Mitchell K. Fogelman, Senior Vice President-Finance (323) 264-1670
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