Vulcan International Corporation (VULC)

Vulcan International Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2004	FY 2003	FY 2002	FY 2001	FY 2000
Period Ending	Jun 30, 2005	Dec 31, 2004	Dec 31, 2003	Dec 31, 2002	Dec 31, 2001	Dec 31, 2000
Revenue	5.35	7.6	8.33	7.01	8.37	9.07
Revenue Growth (YoY)	-42.48%	-8.86%	18.89%	-16.27%	-7.64%	0.59%
Cost of Revenue	4.39	6.02	5.29	5.66	8.25	9.31
Gross Profit	0.96	1.58	3.05	1.35	0.12	-0.25
Selling, General & Admin	3.15	3.13	3.36	2.51	1.05	1.13
Operating Expenses	3.15	3.13	3.36	2.51	1.05	1.13
Operating Income	-2.18	-1.56	-0.31	-1.15	-0.93	-1.37
Interest Expense	-0.07	-0.03	-0.06	-0.16	-0.26	-0.36
Interest & Investment Income	2.6	2.49	2.32	2.3	2.29	2.18
Earnings From Equity Investments	-	-	-	-	0.09	0.49
EBT Excluding Unusual Items	0.34	0.9	1.95	0.99	1.19	0.93
Gain (Loss) on Sale of Investments	0.47	0.62	1.04	1.28	2.42	0.61
Gain (Loss) on Sale of Assets	-0.02	-	-	-	-	0.33
Pretax Income	0.79	1.52	2.99	2.27	3.62	1.87
Income Tax Expense	-0.25	0.04	0.46	0.24	0.72	0.11
Earnings From Continuing Operations	1.04	1.48	2.53	2.03	2.9	1.76
Earnings From Discontinued Operations	0	1.58	-0.06	0.22	-	-
Net Income to Company	1.04	3.06	2.47	2.25	2.9	1.76
Minority Interest in Earnings	-0	-0	-0	-0	-	-
Net Income	1.04	3.06	2.47	2.25	2.9	1.76
Net Income to Common	1.04	3.06	2.47	2.25	2.9	1.76
Net Income Growth	-73.17%	23.73%	9.99%	-22.41%	64.41%	-
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	-0.85%	0.75%	-7.33%	-3.16%	0.74%	-0.81%
EPS (Basic)	1.05	3.05	2.46	2.07	2.59	1.59
EPS (Diluted)	1.04	3.02	2.46	2.07	2.59	1.59
EPS Growth	-72.89%	22.89%	18.69%	-19.87%	63.20%	-
Free Cash Flow	-2.41	1.05	-3.21	0.21	1.44	-0.09
Free Cash Flow Per Share	-2.41	1.03	-3.20	0.19	1.28	-0.08
Dividend Per Share	0.200	0.200	0.200	0.800	0.800	0.800
Dividend Growth	-	-	-75.00%	-	-	-
Gross Margin	17.99%	20.74%	36.56%	19.31%	1.43%	-2.71%
Operating Margin	-40.78%	-20.51%	-3.74%	-16.43%	-11.15%	-15.14%
Profit Margin	19.41%	40.26%	29.66%	32.06%	34.59%	19.43%
Free Cash Flow Margin	-45.04%	13.80%	-38.55%	2.99%	17.16%	-0.98%
EBITDA	-1.77	-1.18	0.09	-0.75	-0.55	-0.92
EBITDA Margin	-32.97%	-15.48%	1.11%	-10.74%	-6.57%	-10.15%
D&A For EBITDA	0.42	0.38	0.4	0.4	0.38	0.45
EBIT	-2.18	-1.56	-0.31	-1.15	-0.93	-1.37
EBIT Margin	-40.78%	-20.51%	-3.74%	-16.43%	-11.15%	-15.14%
Effective Tax Rate	-	2.86%	15.31%	10.66%	19.90%	6.04%
Revenue as Reported	7.84	10.08	10.65	9.31	10.66	11.25

Source: S&P Global Market Intelligence. Standard template. Financial Sources.