Environmental Solutions Worldwide Inc. Announces Unaudited Consolidated Earnings Second Quarter and Six Months Ended June 30, 2014
August 04, 2014 at 08:10 pm
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Environmental Solutions Worldwide Inc. announced unaudited consolidated earnings second quarter and six months ended June 30, 2014. For the six months, the company reported revenue of $15,035,545 against $4,745,345 a year ago. Income from operations was $4,055,389 against loss from operations of $3,425,381 a year ago. Net income before provision for income taxes was $1,863,930 against net loss before provision for income taxes of $4,582,452 a year ago. Diluted net earnings per share were $12.88 against LPS of $40.44 a year ago. Net cash generated from operating activities was $2,738,825 against cash used in operating activities of $2,244,935 a year ago. Additions to property, plant and equipment under construction was $55,979 against $55,118 a year ago. Acquisition of property, plant and equipment was $300,405 against $275,688 a year ago. EBITDA was $4,454,762 against LBITDA of $1,178,507 a year ago.
For the quarter, the company reported revenue of $8,039,961 against $3,289,503 a year ago. Income from operations was $2,225,356 against loss from operations of $2,507,681 a year ago. Net income before provision for income taxes was $1,442,708 against net loss before provision for income taxes of $3,951,766 a year ago. Diluted net earnings per share were $9.60 against LPS of $34.71 a year ago.
Environmental Solutions Worldwide, Inc. manufactures and markets a diverse line of catalytic emission conversion, emission control and emission support products and technologies for the transportation, construction, rail, marine, utility and other markets. These products are primarily designed for diesel engine applications, including medium and heavy-duty trucks, school buses, delivery vehicles, and garbage collection vehicles. In addition to land vehicles, its technology is used in marine engines. The Company sells its emission control products through a network of approximately 30 dealerships located throughout the United States, which is complemented by a team of seasoned emissions focused business development professionals, engineers and field technicians. It offers on-road diesel particulate filter (DPF) solutions, including ThermaCat-e DPF, LongMile-S DPF, Horizon DPF, Longview DPF and Vista DPF. Its off-road DPF products include ThermaCat DPF, Phoenix DPF and Skyline DPF.