CVTech Group Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. Consolidated revenues in the third quarter of 2009 were CAD 44.6 million, up CAD 3.4 million or 8.2% from CAD 41.2 million in the third quarter of 2008. The contribution from Riggs Distler was approximately CAD 10.6 million. Earnings before interest, taxes, depreciation and amortization were CAD 5.0 million, or 11.2% of revenues, compared to CAD 6.4 million, or 15.6% of revenues, for the same period in 2008. Net earnings were CAD 1.8 million or CAD 0.03 per basic and diluted share, compared to CAD 2.8 million or CAD 0.05 per basic and diluted share for the same period in 2008. For the first nine months of 2009, consolidated revenues were CAD 98.4 million, compared to CAD 108.6 million in the same period in 2008. EBITDA was CAD 9.4 million, or 9.6% of revenues, compared to CAD 14.1 million, or 13.0% of revenues, a year earlier. Net income was CAD 3.1 million or CAD 0.05 per basic and diluted share, compared to CAD 5.3 million or CAD 0.10 per basic share and CAD 0.09 per diluted share last year.

CVTech Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has reported earnings before income taxes of CAD 2,653,000 against CAD 4,695,000 reported in the same period last year. For the quarter cash flows from operating activities were CAD 2,900,000 against CAD 3,737,000 and expenditure on additions to property, plant and equipment was CAD 1,443,000 against CAD 1,763,000 reported last year. For the nine months, the company has reported earnings before income taxes of CAD 98,390,000 against CAD 108,602,000 reported in the same period last year. For the nine months cash flows from operating activities were CAD 6,419,000 against CAD 8,057,000 and expenditure on additions to property, plant and equipment was CAD 6,028,000 against CAD 5,406,000 reported last year.

CVTech Group Inc. announced earnings results for the second quarter and six months ended June 30, 2009. Consolidated revenues in the second quarter of 2009 reached $27.0 million, down $3.4 million or 11.1% from $30.4 million in the second quarter of 2008. Earnings before interest, taxes, depreciation and amortization were $2.2 million or 8.2% of revenues, compared with $2.8 million or 9.3% of revenues a year earlier. Net earnings were $0.9 million or $0.02 per diluted share, compared with $0.6 million or $0.01 per diluted share a year earlier. Net earnings for the second quarter of 2009 reflect $465,000 in prior-year income tax credits for a subsidiary of the Corporation. For the first six months of 2009, consolidated revenues were $53.7 million compared with $67.4 million a year earlier. EBITDA was $4.3 million or 8.1% of sales compared with $7.7 million or 11.4% of sales a year earlier. Net income was $1.2 million or $0.02 per diluted share compared with $2.5 million or $0.04 per diluted share a year earlier.