CTI Industries Corp (CTIB) Reports Q4 EPS of $0.15
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CTI Industries Corporation Reports Results for Full Year and Fourth Quarter 2015
March 23, 2016 8:01 AM EDTBARRINGTON, IL -- (Marketwired) -- 03/23/16 -- CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of novelty balloons, vacuum and flexible packaging and storage products and printed and laminated films, today announced its full-year results of operations for 2015, as well as for the three months ended December 31, 2015.
Highlights of year-end results include:
Net Income more than doubled from $514,000 in 2014 to $1,047,000 in 2015. Per share income increased from $0.16 ($0.15 fully diluted) in 2014 to $0.32 ($0.30 fully diluted) in 2015. Net sales rose to the highest level in CTI's 40-year history to almost $60 million. Net sales in 2015 were $59,365,000... More