Auto Service World
News   December 18, 2001   by Auto Service World

Spectra Premium Reports Strong Third Quarter

Spectra Premium Industries Inc. of Boucherville, Que., maker of fuel tanks, heat transfer products and other parts for the North American automobile, light-truck and heavy duty truck aftermarket parts, has announced a increase in third quarter results over last year.
The company announced its results today for the third quarter of fiscal 2001-2002 which ended October 31, 2001. During the last quarter, the company recorded an operating income of $4,417,000 compared to $2,673,000 for the same period last year.
This brings the cumulative operating income to $14,584,000 since the beginning of fiscal 2001-2002, representing an increase of 58% over the $9,233,000 recorded a year earlier. For the same nine-month period, the Corporation generated cash flow from operations of $18,673,000, or $0.59 per share, compared to $11,071,000, or $0.35 per share a year earlier, representing an increase of 68%.

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