OLNCF Omni-Lite Industries Canada Inc featured news, full reports, and detailed charts
Omni-Lite Industries Canada Inc (OLNCF/OLNCF.PK) Wrap Up:
Omni-Lite Industries Canada Inc. engages in the development, production, and marketing of specialized metal matrix composite, aluminum, and carbon steel products. It provides precision components using advanced composite materials and computer-controlled cold forging techniques. The company offers its products for the sports and recreation, automobile, aerospace, military, and commercial industries. It operates in the United States, Canada, and Barbados. The company was founded in 1992 and is headquartered in Cerritos, California.Omni-Lite Industries Canada Inc (OLNCF:Pink OTC Markets Inc)
Snapshot of Omni-Lite Industries Canada Inc (OLNCF)
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OPEN
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PREVIOUS CLOSE
$0.84
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
01/21/09 - $0.99
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52 WEEK LOW
04/9/09 - $0.63
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MARKET CAP
9.1M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
10.8M
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OLNCF Does Not Pay Dividends
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P/E TTM
NM
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OLNCF Top Compensated Officers
Executives, Board Directors
Key developments for Omni-Lite Industries Canada Inc (OLNCF)
Omni-Lite Industries Canada Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported income from operations of $166,818, income before income taxes of $166,818 and net income of $95,078 or $0.01 per diluted share on revenue of $1,084,771 compared to income from operations of $708,583, income before income taxes of $708,583 and net income of $495,683 or $0.05 per diluted share on revenue of $2,068,730 for the same period last year. Comprehensive income for the period was $25,431 against $481,349 reported last year. Net cash provided by operating activities was $231,634 against $460,871 and expenditure on purchase of property, plant and equipment was $119,384 against $500,983 reported last year. For the nine months, the company reported income from operations of $501,998, income before income taxes of $501,998 and net income of $373,998 or $0.04 per diluted share on revenue of $3,209,969 compared to income from operations of $2,219,164, income before income taxes of $2,219,164 and net income of $1,432,520 or $0.13 per diluted share on revenue of $6,088,126 for the same period last year. Comprehensive income for the quarter was $283,386 against $1,401,538 reported last year. Net cash provided by operating activities was $541,534 against $1,347,973 and expenditure on purchase of property, plant and equipment was $372,508 against $1,977,905 reported last year. Total net debt on September 30, 2009 was $4,417,586 against $3,274,542 reported at the same time last year.
Omni-Lite Industries Canada Inc. announced that the Board of Directors has accepted the resignation of Paul A. Burkey as President and COO of the company and has appointed the CEO, David F. Grant as interim president. The Board announced that Mr. Burkey will remain as a consultant to the company until January 2011.
Omni-Lite Industries Canada Inc. announce that it has received several new orders in the Automotive, Aerospace, and Sports and Recreational divisions. These latest orders are for approximately $221,000. The order in this announcement is for components in the valve system of a technically sophisticated clean diesel program underway by a major automotive OEM. This is the second significant order for components for this new engine, code-named Scorpion. There are 16 Omni-Lite components in each engine, significantly increasing the Company's production of green diesel products. The requirement for these new components will continue to ramp up throughout 2010 and should peak in 2011. Orders should remain at that level for several years to come.
OLNCF Competitors
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Industry Analysis
| Valuation | OLNCF | Industry Range |
| Price/Earnings | 35.3x |
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| Price/Sales | 1.4x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 7.1x |
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| TEV/Sales | 0.8x |
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OLNCF transactions
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| No transactions in the last 6 months. | ||
