Last $32.50 USD
Change Today 0.00 / 0.00%
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OTC US
As of 8:10 PM 01/22/15 All times are local (Market data is delayed by at least 15 minutes).

detrex corp (DTRX) Snapshot

Open
$32.50
Previous Close
$32.50
Day High
$32.50
Day Low
$32.50
52 Week High
06/5/14 - $36.50
52 Week Low
12/11/14 - $28.71
Market Cap
51.5M
Average Volume 10 Days
522.7
EPS TTM
$0.88
Shares Outstanding
1.6M
EX-Date
12/1/14
P/E TM
37.1x
Dividend
$1.00
Dividend Yield
3.08%
Current Stock Chart for DETREX CORP (DTRX)

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detrex corp (DTRX) Details

Detrex Corporation, through its subsidiary, The Elco Corporation, manufactures and sells specialty chemicals to manufacturers of lubricants, fuels, semiconductors, pharmaceuticals, and other industrial products. The company offers lubricant additives that are used for enhancing the properties of hydraulic oils, metalworking fluids, gear oils, greases, and fuels; hydrochloric acid for etching and cleaning silicon wafers to semiconductor manufacturers, fabrication shops, and electronics marketplaces; and pyrroles. It markets and sells its products through a direct sales force in the United States, as well as through agents and distributors internationally. The company was founded in 1920 and is based in Southfield, Michigan.

68 Employees
Last Reported Date: 04/24/14
Founded in 1920

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detrex corp (DTRX) Key Developments

Detrex Corp. Announces Financial Results for the Third Quarter and Nine Months of 2014

Detrex Corp. announced financial results for the third quarter and nine months of 2014. The company improved 2014 third quarter revenues of $11.1 million, an increase over the previous two quarters and the third quarter 2013. Due to various factors the Company reported a third quarter 2014 net loss from continuing operations of $31,381, or $0.02 per fully diluted share, compared to net income of $796,768 or $0.46 per fully diluted share, in the third quarter of 2013. Third quarter 2014 revenues of $11.1 million is an improvement to the run rate in the first two quarters and represents a 10% year-over-year revenue increase. The improved rate of growth in the third quarter is the result of $0.8 million tolling work, along with increased demand in several market segments. Year-to-date 2014 net income from continuing operations was $1,031,703 or $0.60 per fully diluted share. This compares to 2013 year-to-date net income of $2,749,920, or $1.59 per fully diluted share. Year-to-date net income including this charge is $727,564, or $0.42 per fully diluted share, compared to $2,749,920 in the same period of 2013. On a year-to-date basis, 2014 sales were $31.1 million compared to $32.5 million for the year-to-date period in 2013. This represents a 4.5% year-over-year reduction. The reduction in revenue on a year-to-date basis was largely the result of reduced sales of a product line dependent on fluctuating customer needs.

Detrex Corp. Declares Cash Dividend for the Fourth Quarter of 2014, Payable on December 16, 2014

Detrex Corp. announced that it will pay a $0.25 quarterly dividend on December 16, 2014 to shareholders of record as of December 3, 2014.

Detrex Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Detrex Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $9,732,000 against $11,224,000 a year ago. Income from continuing operations before income taxes was $790,000 against $1,336,000 a year ago. Net income from continuing operations was $521,140 or $0.30 per fully diluted share compared to net income of $914,499 or $0.52 per fully diluted share, in the second quarter of 2013. Net income was $217,000 against $914,000 a year ago. Diluted earnings per share were $0.12 against $0.53 a year ago. For the six months, the company reported net sales of $19,918,000 against $22,391,000 a year ago. Income from continuing operations before income taxes was $1,611,000 against $2,959,000 a year ago. Net income from continuing operations was $1,063,000 or $0.61 per fully diluted share compared to net income of $1,953,000 or $1.13 per fully diluted share, in the second quarter of 2013. Net income was $759,000 against $1,953,000 a year ago. Diluted earnings per share were $0.43 against $1.13 a year ago. The reduction in revenue for both the quarter and year-to-date was largely the result of reduced sales of a product line that tends to fluctuate in volume from month to month and remained below prior year levels for the first six months. Sales to new and existing customers have partially offset this reduction in sales.

 

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DTRX

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Valuation DTRX Industry Range
Price/Earnings 63.7x
Price/Sales 1.4x
Price/Book 3.9x
Price/Cash Flow 28.7x
TEV/Sales -- Not Meaningful
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