EX-99.1 2 a05-9158_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

International Aluminum Corporation Announces
Results For The Third Quarter and Declares Dividend

 

MONTEREY PARK, Calif., May 12, 2005:  International Aluminum Corporation (NYSE: IAL) today announced results for the quarter and nine months ended March 31, 2005 as follows:

 

 

 

Quarter Ended March 31

 

 

 

2005

 

2004

 

Net sales

 

$

62,088,000

 

$

50,064,000

 

 

 

 

 

 

 

Net income

 

$

2,731,000

 

$

855,000

 

 

 

 

 

 

 

Basic and diluted EPS

 

$

.64

 

$

.20

 

 

 

 

 

Nine Months Ended March 31

 

 

 

2005

 

2004

 

Net sales

 

$

184,574,000

 

$

153,718,000

 

 

 

 

 

 

 

Income from continuing operations

 

$

8,556,000

 

$

3,955,000

 

Income from discontinued operations

 

—

 

129,000

 

Net income

 

$

8,556,000

 

$

4,084,000

 

 

 

 

 

 

 

Basic and diluted EPS:

 

 

 

 

 

Continuing operations

 

$

2.01

 

$

.93

 

Discontinued operations

 

—

 

.03

 

Total

 

$

2.01

 

$

.96

 

 

During the quarter and nine months ended March 31, 2005, the Company incurred $310,000 and $520,000, respectively, of pretax expenses related to complying with the internal control requirements of the Sarbanes-Oxley legislation.

 

The Company also reported that its Board of Directors has declared a regular quarterly cash dividend of $.30 per share payable July 11, 2005 to shareholders of record as of June 20, 2005.

 

Contact:

David C. Treinen, President (323) 264-1670

Mitchell K. Fogelman, Senior Vice President-Finance (323) 264-1670

 

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