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American Pacific Reports Fiscal 2013 Results; Provides Outlook For Fiscal 2014
Date:12/12/2013

LAS VEGAS, Dec. 12, 2013 /PRNewswire/ -- American Pacific Corporation ("AMPAC") (NASDAQ: APFC) today reported financial results for its fiscal year and fourth quarter ended September 30, 2013.

"Fiscal 2013 was a record year for AMPAC in terms of both revenues and Adjusted EBITDA performance.  Our Fine Chemicals segment continued its steady growth path, while our Specialty Chemicals segment experienced unique volume in FY13, which resulted in performance well above its expected stable range. Although our profit expectation for Fiscal 2014 is lower in the aggregate, the components provide a robust future for AMPAC.  Fine Chemicals segment opportunities are continuing to expand and our Specialty Chemicals segment should return to operating at its pre-Fiscal 2013 stable levels," said Joe Carleone, AMPAC's Chairman of the Board and Chief Executive Officer. 

We provide non-GAAP measures as a supplement to financial results based on GAAP.  A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is included in the accompanying supplemental data.  Revenues and expenses associated with the Aerospace Equipment segment operations are presented as discontinued operations for all periods presented. See further discussion below. 

FINANCIAL SUMMARYFiscal Year Ended September 30, 2013 Compared to Fiscal Year Ended September 30, 2012

  • Revenues increased $29.5 million, or 16%, to $215.1 million from $185.6 million.
  • Adjusted operating income increased to $41.1 million compared to $27.1 million.
  • Adjusted EBITDA increased to $55.2 million compared to $43.0 million.
  • Adjusted income from continuing operations was $24.9 million compared to $10.1 million.
  • Adjusted diluted earnings per share from continuing operations was $3.08 compared to $1.32.

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    SOURCE American Pacific Corporation
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