Press Releases: 2013

First Quarter Results

AJAX: May 9, 2013:

Automodular Corporation (“Automodular”) reports net earnings of $3.6 million or $0.18 per share for the quarter ended March 31, 2013. Net earnings for the same period in 2012 were also $3.6 million or $0.18 per share.

The results for the first quarter are summarized below (all figures in ‘000s except per share amounts):

Three months ended March 31
  2013
$
2012
$
Sales 21,807 23,818
Net earnings 3,636 3,631
Per share (basic and diluted) 0.18 0.18

The Board of Directors has declared a regular quarterly dividend of $0.06 per share payable June 6, 2013 to shareholders of record May 23, 2013.

Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry – Ford Motor Company’s Oakville Assembly Plant. The Company has two operating facilities and employs approximately 525 people.

For further information, contact:

Christopher Nutt
President
Automodular Corporation
(905) 619 4202
invest@automodular.com