AERT Announces 2013 Year End Results
March 06 2014 - 5:26PM
Advanced Environmental Recycling Technologies, Inc. (OTCBB:AERT)
announced today that net sales for the year ended December 31, 2013
were $68.8 million, down from $74.6 million for the year ended
December 31, 2012. Net sales for the fourth quarter of 2013 were
$11.2 million, down $0.3 million from $11.5 million in the fourth
quarter of 2012.
The July 17, 2013 fire at the Springdale extrusion facility
severely impacted production and thus sales. MoistureShield® sales
in the fourth quarter of last year were down from 2012 due to less
aggressive incentives under the 2013 Winter Buy program versus the
2012 program. Sales of the ChoiceDek® product line were essentially
flat, year over year.
AERT's net loss for 2013 was $1.5 million, or $0.02 per share,
as compared to the 2012 net loss of $2.0 million.
Commenting on the results, Tim Morrison, CEO of AERT noted, "The
fire and its impact on our team, production, and sales demanded a
majority of our team's time, effort, and energy. We remain focused
on the safe, efficient operation of our plant. Furthermore, we are
excited about the release our new MoistureShield® Pro product."
The Company released its fourth quarter earnings and 2013 Form
10-K on Thursday, March 6, 2014 and will host a conference call and
webcast on Friday, March 7, 2014, beginning at 11:30 am (EST),
10:30 am (CST) to discuss the results. Listeners may participate in
a question and answer session toward the end of the webcast by
calling (877) 561-2747. To listen via internet visit
http://aert.com/ir/webcasts.aspx .
About Advanced Environmental Recycling Technologies,
Inc.
Since 1989, AERT (OTCBB:AERT) has pioneered the use of recycled
polyethylene plastic in the manufacture of composite building
materials. With its constantly evolving portfolio of patented and
proprietary recycling technologies, AERT has been widely recognized
as a leader in resource conservation innovation and received the
EPA Award for Environmental Excellence for its process of
converting scrap plastic to composite outdoor decking. The company
recently received an ESGR Patriot Award for its support of our
Guard and Reserve Units in the U. S. Armed Forces. AERT converts
reclaimed plastic and wood fiber waste into quality outdoor decking
systems, fence systems, and door and window components. The Company
is the exclusive manufacturer of ChoiceDek® decking, which is
available in multiple colors and is sold in Lowe's Home Improvement
stores nationwide. See http://www.choicedek.com for more
information. AERT's MoistureShield® decking program is expanding
and products are now available throughout the U.S. See
http://www.moistureshield.com for product information or to find a
regional distributor or dealer. AERT operates manufacturing
facilities in Springdale and Lowell, Arkansas and recently
commenced operations at its Green Age recycling facility in Watts,
Oklahoma. Investors can access real-time stock quotes and
information at http://www.otcmarkets.com. For more information on
the Company, visit http://www.aertinc.com. Sign up to receive
investor information, including press releases, via email by
visiting http://aert.com/ir/PressReleaseOptIn.aspx.
Certain statements in this news release regarding projected
results of operations, or, projected results of financial plans or
future strategies and initiatives, including, but not limited to,
projections of revenue, projections of profitability, any and all
future expectation, and plans for future activities may and should
be regarded as ``forward-looking statements'' within the meaning of
the Securities Litigation Reform Act. These statements involve,
among other things, known and unknown risks, uncertainties and
other factors that may cause AERT, Inc.'s actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by such forward-looking
statements. AERT currently is considering, but may or may not in
the future implement any or all of the items and issues listed in
any planned budget or strategic initiative, due to, among other
things, known and unknown risks, uncertainties and other
factors.
AERT, Inc. undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events, change in strategy, or otherwise. The
above-mentioned listing of risks and uncertainties is not
inclusive. For a more detailed discussion of some, but not all, of
the risks and uncertainties that may affect AERT, Inc., see AERT,
Inc.'s filing with the Securities and Exchange Commission,
including its Annual Report on Form 10-K, for the fiscal year ended
December 31, 2013.
CONTACT: For AERT
Sarah Pore
479-203-5084
www.aertinc.com/ir