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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
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
2009 2008 2009 2008
Net sales $14,394,695 $18,863,376 $28,213,413 $36,091,242
Cost of sales (10,054,080) (13,743,185) (19,720,906) (26,125,696)
Gross profit 4,340,615 5,120,191 8,492,507 9,965,546
Selling, general and
administrative
expenses (3,933,394) (4,731,874) (8,148,559) (9,340,867)
Operating profit 407,221 388,317 343,948 624,679
Other expense, net (2,851) (69,189) (21,558) (146,255)
Earnings before
income taxes 404,370 319,128 322,390 478,424
Income tax expense (154,908) (143,441) (133,622) (222,406)
Net earnings $249,462 $ 175,687 $ 188,768 $ 256,018
Basic and diluted
earnings per share $.14 $.10 $.10 $.15
Basic and diluted
weighted average
shares outstanding 1,811,148 1,711,148 1,811,148 1,711,148
As of:
June 30, December 31,
2009 2008
Current assets $18,580,244 $22,436,120
Total assets $19,684,304 $23,693,441
Current liabilities $4,444,692 $8,942,597
Total liabilities $4,444,692 $8,942,597
Total stockholders' equity $15,239,612 $14,750,844
SOURCE ABATIX CORP.
http://www.abatix.com
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