IBAL International Baler Corp. featured news, full reports, and detailed charts
International Baler Corp. (IBAL/IBAL.OB) Wrap Up:
International Baler Corporation, engages in the manufacture and sale of baler machines, which are used to compress and compact various waste materials. It manufactures approximately 50 types of balers for use with corrugated, paper, municipal waste, textiles, and scrap metal products. The company offers balers designed to compact rubber, plastic, cotton mote, and textile waste products. International Baler Corporation?s products utilize mechanical, hydraulic, and electrical mechanisms to compress various materials into bales for cost handling, shipping, disposal, storage, and/or bulk sales for recycling. The company?s products include general purpose horizontal and vertical balers; specialty balers used for textile materials, used clothing, aluminum cans, 55-gallon drums, and synthetic rubber; and accessory equipment, such as conveyors, fluffers, bale tying machines, and plastic bottle piercers. It sells its products through its own sales force, as well as through manufacturer's representatives and dealers to manufacturers of synthetic rubber and polymers, plastic recycling facilities, power generating facilities, textile mills, paper mills, cotton gins, supermarkets and other retail outlets, paper recycling facilities, and municipalities primarily in the United States, as well as in Europe, the Far East, and South America. The company was formerly known as Waste Technology Corp. and changed its name to International Baler Corporation on March 16, 2009. International Baler Corporation was founded in 1975 and is based in Jacksonville, Florida.www.intl-baler.com
62 Employees
Founded in 1975
International Baler Corp. (IBAL:OTC Bulletin Board Market)
LAST $0.37 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 18, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of International Baler Corp. (IBAL)
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OPEN
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PREVIOUS CLOSE
$0.37
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
12/2/08 - $1.50
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52 WEEK LOW
07/31/09 - $0.20
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MARKET CAP
1.8M
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AVERAGE VOLUME 3 mo
681.0
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DILUTED EPS TTM
$-0.04
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SHARES OUTSTANDING
4.9M
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IBAL Does Not Pay Dividends
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P/E TTM
NM
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IBAL Top Compensated Officers
Mr. D. Roger Griffin
Chief Executive Officer, President and Direct...
Age: 47
Total Annual Compensation: $141.5K
Mr. William E. Nielsen
Chief Financial Officer, Principal Accounting...
Age: 62
Total Annual Compensation: $155.3K
Mr. David B. Wilhelmy
Vice President of Sales & Marketing, Assistan...
Age: 54
Total Annual Compensation: $154.3K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for International Baler Corp. (IBAL)
International Baler Corp. Reports Earnings Results for the Third Quarter Ended July 31, 2009
09/21/2009
International Baler Corp. reported earnings results for the third quarter ended July 31, 2009. Net loss for the quarter was $110,239, down $244,055 net income for the same quarter the previous year.
International Baler Corp., Annual General Meeting, Apr 20, 2009
03/20/2009
International Baler Corp., Annual General Meeting, Apr 20, 2009, at 10:00 Eastern Daylight. Location: 5400 Rio Grande Avenue, Jacksonville, FL 32254, United States. Agenda: To elect two class II directors, Ronald L. McDaniel and D. Roger Griffin to the board of directors; to ratify the appointment by the board of directors of KPMG LLP, to serve as the independent registered public accounting firm for the current fiscal year; and to consider and transact such other business as may properly come before the annual meeting or any adjournments thereof.
Waste Technology Corp. will Change its Name to International Baler Corporation
03/13/2009
Effective March 16, 2009, Waste Technology Corp. will change its name to International Baler Corporation
IBAL Competitors
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Industry Analysis
| Valuation | IBAL | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.1x |
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More Recent News About International Baler Corp.
More news for IBAL
INTERNATIONAL BALER CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
INTERNATIONAL BALER CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The Company's operating results for fiscal 2009 have been negatively impacted by the current economic conditions including the collapse of commodity prices for recycled materials at the end of 2008. As the economy continues to be depressed with respect to recycled commodity prices and the demand for capital equipment, the Company anticipates that its results from operations for 2009 will be unfavorable to the prior year. Results of Operations: Three Month Comparison In the third quarter ending July 31, 2009, the Company had net sales of $1,117,825, compared to net sales of $3,333,200 in the third quarter of fiscal 2008. The decrease in revenue is the result of lower shipments in the third quarter of fiscal 2009, reflecting the deteriorated market conditions and lower commodity prices for recycled materials compared to the prior year third quarter. Shipments in the third quarter of 2009 included 17 balers and conveyors compared to 41 balers and conveyors in the prior year third quarter. The Company had a pre-tax loss of $175,623 in the third quarter compared to pre-tax income of $391,055 in the third quarter of fiscal 2008. Gross profit margin in the quarter was 8.9% compared to 21.3% in the third quarter of 2008. Margins were negatively impacted by lower sales resulting in lower absorption of fixed manufacturing costs. Selling and administrative expenses decreased by $70,762, the result of lower salary costs and reductions in various other expenditures due to the current economic conditions. Results of Operations: Nine Month Comparison The Company had net sales of $4,901,236 in the first nine months of fiscal 2009, as compared to net sales of $9,429,386 in the same period of fiscal 2008, a decrease of 48.0%. The lower sales were the result of the current economic conditions beginning in the fourth quarter of the prior fiscal year. Specialty baler sales also de...Click here to read the whole Article (external link)
INTERNATIONAL BALER CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The Company's operating results for fiscal 2009 have been negatively impacted by the current economic conditions including the collapse of commodity prices for recycled materials at the end of 2008. As the economy continues to be depressed with respect to recycled commodity prices and the demand for capital equipment, the Company anticipates that its results from operations for 2009 will be unfavorable to the prior year. Results of Operations: Three Month Comparison In the second quarter ending April 30, 2009, the Company had net sales of $1,359,457, compared to net sales of $2,489,133 in the second quarter of fiscal 2008. The decrease in revenue is the result of lower shipments in the second quarter of fiscal 2009, reflecting the deteriorated market conditions and lower commodity prices for recycled materials compared to the prior year second quarter. Shipments in the second quarter of 2009 included 19 balers and conveyors compared to 41 balers and conveyors in the prior year second quarter. The Company had a pre-tax loss of $181,329 in the second quarter compared to pre-tax income of $227,501 in the second quarter of fiscal 2008. Gross profit margin in the quarter was 10.1% compared to 24.8% in the second quarter of 2008. Margins were negatively impacted by lower sales resulting in lower absorption of fixed manufacturing costs. Selling and administrative expenses decreased by $74,803, the result of lower salary costs and reductions in various other expenditures due to the current economic conditions. The Company also set up an additional reserve of $25,000 for a delinquent trade account receivable. Results of Operations: Six Month Comparison The Company had net sales of $3,783,411 in the first six months of fiscal 2009, as compared to net sales of $6,096,186 in the same period of fiscal 2008, a decrease of 37.9%. The lower sales were the result of the curren...Click here to read the whole Article (external link)
WASTE TECHNOLOGY CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Regulation
Show all filings for WASTE TECHNOLOGY CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for WASTE TECHNOLOGY CORP 16-Mar-2009Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Regulation Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
WASTE TECHNOLOGY CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Regulation
Show all filings for WASTE TECHNOLOGY CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for WASTE TECHNOLOGY CORP 16-Mar-2009Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Regulation Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information prov...Click here to read the whole Article (external link)
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