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More information about the Company, including financial information, can be found on the Abatix web site at www.abatix.com. Information about our wholly-owned subsidiary, IESI, can be found on their web site at www.int-enviroguard.com.
ABATIX CORP. is a full line supplier to the construction, industrial and environmental industries. The Company currently has eight distribution centers in Dallas and Houston, Texas, in San Francisco and Los Angeles, California, in Phoenix, Arizona, in Seattle, Washington, in Las Vegas, Nevada and in Jacksonville, Florida. These distribution centers serve customers throughout the Southeast, Southwest, Midwest, Pacific Coast, Alaska and Hawaii.
ABATIX CORP.
SELECTED FINANCIAL INFORMATION
Three Months Ended Twelve Months Ended
December 31, December 31,
(Unaudited)
2008 2007 2008 2007
Net sales $16,406,337 $16,924,856 $78,641,845 $68,956,190
Cost of sales (11,588,124) (12,095,868) (56,172,780) (48,997,180)
Gross profit 4,818,213 4,828,988 22,469,065 19,959,010
Selling,
general and
administrative
expenses (4,713,879) (4,331,526) (19,672,837) (17,487,768)
Operating profit 104,334 497,462 2,796,228 2,471,242
Other expense, net (55,797) (109,883) (282,318) (401,085)
Earnings before
income taxes 48,537 387,579 2,513,910 2,070,157
Income tax expense (27,539) (76,559) (994,498) (803,900)
Net earnings $20,998 $311,020 $1,519,412 $1,266,257
Basic and diluted
earnings per share $.01 $.18 $.88 $.74
Basic and diluted
weighted average
shares outstanding 1,744,481 1,711,148 1,719,481 1,711,148
As of:
December 31, December 31,
2008 2007
Current assets $22,436,120 $21,804,288
Total assets $23,693,441 $23,306,508
Current liabilities $8,942,597 $10,075,076
Total liabilities $8,942,597 $10,075,076
Total stockholders'
equity $14,750,844 $13,231,432
SOURCE ABATIX CORP.
http://www.int-enviroguard.com
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