RE: very good trading today After an 8 day run it should pull back a bit. Hope so I'll add a bit more on the strength of the report. If it doesen't the addition will simply be a few less shares.
1) EBITDA for the year was $106.7 million in 2012, an increase of $94.2 million compared to 2011.
2) Fourth quarter sales were $117.9 million in 2012 compared to $69.5 million in 2011
3) Adjusted EBITDA fourth quarter 2012 was $42.3 million compared to $2.7 million fourth quarter of 2011
4) Net income from continuing operations was $6.7 million fourth quarter of 2012 compared to $1.7
5) 1 year sales increase 5.2%, Fourth Q 6.4% increased sales volumes responding to increased demand.
6) Margin on sales was 35.9% compared to 3.9% in the same period of 2011.
7) The real Kicker is in Guidance:
U.S. foreclosures and existing home inventories are trending down, home prices and builder confidence are improving and housing forecasts are being upgraded. At the same time, OSB inventories in the supply chain are lean, mill order files are long and structural panel prices are at the highest levels since May 2004.
High Level will enable us to continue to meet the growing requirements of our existing customer base while allowing us to service new market segments. The unique characteristics of the High Level continuous press and equipment will also enable us to expand our reach into industrial applications as well as markets such as China where we have identified and are developing significant opportunities for innovative and proprietary products. These diversification efforts are strategic to our Company as we establish a sustainable business throughout the cycle.
Exellent