Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

PowerCold Reports Record 2004 Revenue
Apr 1, 2005
 Printable format
 Email this Article
 Search

Commercial HVAC maker PowerCold Corporation announced record financial results for 2004. Total revenue for the year ended Dec. 31, 2004 increased 123 percent to U.S. $9.1 million from $4.1 million in 2003.

Gross profit margins decreased in 2004 due to the volume of custom "bid spec projects" installed at retail stores and restaurants. The company said it plans to market directly to corporate national chain stores and restaurants with its proprietary HVAC system and reduce its focus on custom bid spec project marketing that historically has lower profit margins.

PowerCold said gross profit margins for manufactured products improved due to increased sales volume and should improve with more efficient production and engineering design modifications for material cost reduction.

The Company incurred a net loss of $4.3 million, or $0.20 per share compared to a net loss of $2.7 million or $0.13 per share for 2003 -- based on weighted average number of shares of 22,156,331 compared to 20,163,045 for 2003.

"Our plans for 2005 include concentrating on two specific proprietary applications: central HVAC air-condition systems and plastic heat exchange products," Frank Simola, CEO of PowerCold. "We plan to further exploit these engineering development achievements and focus our sales engineering and marketing resources in these product lines on large commercial buildings, concentrating on the growth segments of the hospitality industry."

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows