Construction/Building — July 30, 2009

PFB Corporation Announces Second Quarter Results and Declares Regular Quarterly Dividend

CALGARY, ALBERTA--(Marketwire - July 30, 2009) - PFB Corporation (TSX:PFB) reports its financial results for the three and six month periods ended June 30, 2009, and declares regular quarterly dividend.

Results for the Three Month and Six Month Periods Ended June 30, 2009

Consolidated net income for the three months ended June 30, 2009, was $1,977,000, basic earnings of $0.30 per share, compared to net income of $514,000, basic earnings of $0.08 per share reported in the comparative three months of 2008. Sales were $19,651,000 in the second quarter of 2009 as compared to sales of $21,001,000 in the second quarter of 2008, a decrease in sales of $1,350,000 or 6.4%.

Consolidated net income for the six months ended June 30, 2009 was $916,000, basic earnings of $0.14 per share, as compared to net income of $57,000, basic earning of $0.01 per share in the comparative six months in 2008. Sales in the six months ended June 30, 2009 were $31,240,000 as compared to sales of $36,211,000 in the six months ended June 30, 2008, a decrease in sales of $4,971,000 or 13.7%.

Quarterly Dividend Payment

The Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on August 31, 2009, to shareholders of record on August 14, 2009.

About PFB

PFB Corporation is a vertically integrated manufacturer of insulating building products that are marketed across North America under four brands. Plasti-Fab, EPS Product Solution® are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems® are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. Insulspan® Structural Insulating Panels Systems (SIPS) are used to create a building's structural wall frame and to replaces trusses on roof systems to form an energy-efficient structural envelope. Riverbend® Timber Framing manufactures and sells precision-cut, custom-crafted solid timbers to exacting standards which are delivered to customer's jobsites as ready-to-assemble building packages in conjunction with Insulspan SIPS for the walls and roof, and Advantage ICFS for the building's foundations.

PFB Corporation is listed for trading on the Toronto Stock Exchange, symbol PFB.

PFB Corporation's interim unaudited consolidated financial statements and MD&A for the second quarter of fiscal 2009 will be posted on SEDAR (www.sedar.com) by August 14, 2009.

For more information, please contact

PFB Corporation
Stephen P. Hardy
Vice President & CFO
(403) 569-4303
(403) 569-4075 (FAX)

or

PFB Corporation
100, 2886 Sunridge Way NE
Calgary, Alberta T1Y 7H9

Print | Email

Latest Industry Press Releases

Updated 8:02 MDT, March 16, 2010  

Construction/Building

Global demand for equipment strong at Ritchie Bros. Edmonton auction (2010-03-15)

Mohawk Announces Cash Tender Offer for Up To $200,000,000 Aggregate Principal Amount of Its Outstanding 6.50% Senior Notes Due 2011 (2010-03-15)

Vicwest Income Fund Announces Distribution for March 2010 (2010-03-15)

PARA PAINTS and Lowe's Announce Partnership (2010-03-15)

European Energy Giants Increase Renewable Energy Portfolios, an Industrial Info News Alert (2010-03-14)

The Churchill Corporation Reports 2009 Financial Results (2010-03-12)

Governments of Canada and Quebec Invest in New Affordable Housing in La Peche (2010-03-12)

Avis Aux Médias: SCHL-Annonce concernant la rénovation de logements sociaux (2010-03-12)

Media Advisory: CMHC-Social Housing Renovation Announcement (2010-03-12)

Brampton Brick Reports Results for the Fourth Quarter and Year Ended December 31, 2009 (2010-03-12)

CMHC: Canada's Economic Action Plan Creates Jobs and Improves Housing on Reserve in Quebec (2010-03-12)

SCHL : Le Plan d'action économique du Canada crée des emplois et améliore les logements dans les réserves au Québec (2010-03-12)

Bird Construction Income Fund announces strong 2009 annual financial results and March and April 2010 distributions (2010-03-12)

Environmentally Friendly Soil Stabilizer Introduced to the Dominican Republic (2010-03-12)

Bird Construction Income Fund announces intention to convert to a dividend paying corporation and dividend policy (2010-03-12)

Kids Crooked House Partners with Kinder Canada in Playhouse Giveaway (2010-03-11)

SNC-Lavalin refutes misinformation published on federal building contracts (2010-03-11)

The Ultimate Design Tool for Segmental Retaining Walls Now Available From Allan Block(R) -- AB Walls 10 (2010-03-11)

Media Advisory: Social Housing Renovation Announcement (2010-03-11)

NorthGrid Solar Inc. opens regional offices in Ottawa and Sault Ste. Marie (2010-03-11)

Seacliff Awarded $8.4 Million Electrical Contract at Edmonton Clinic North (ECN) Bringing Total Work at ECN to $56.0 Million: Fourth Institutional Infrastructure Contract Win in 2010 (2010-03-11)

SNC-Lavalin awarded contract for the Junin 2 Block in Venezuela (2010-03-10)

Waterfront Toronto unveils Underpass Park: A visionary design for a unique public park in the West Don Lands (2010-03-10)

Public Storage Canadian Properties Announces Fourth Quarter 2009 Operating Results (2010-03-10)

Ritchie Bros. moves Lower Mainland auction site to expanded location in Chilliwack, B.C. (2010-03-09)

Royal Laser Provides Update on Strategic Review Process (2010-03-09)

Tarion unveils best of the new home building industry (2010-03-09)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 316 projects with a total value of $201,737,936,657 that Reed Construction Data Building Reports reported on yesterday.

MEDICAL BUILDING

$300,000,000 Toronto ON Tenders

SOILS WASTE MANAGEMENT AREA

$150,000,000 Port Hope ON Prebid

EDUCATION BUILDING

$50,000,000 Toronto ON Prebid

Daily Top 10

PROJECT NEWS BRIEFS