Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Author: lighttheworld One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 360  
Subject: Zoltek Reports Date: 5/4/2007 9:47 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
http://biz.yahoo.com/prnews/070503/aqth137.html?.v=1&printer=1

ST. LOUIS, May 3 /PRNewswire-FirstCall/ -- Zoltek Companies, Inc. (Nasdaq: ZOLT - News) today reported continued strong gains in sales and results of operations for the second quarter of its 2007 fiscal year.
For the quarter ended March 31, 2007, Zoltek's net sales grew to $36.7 million, compared to $26.2 million in the second quarter of fiscal 2006, an increase of 40%. Operating income from continuing operations increased to $5.9 million, compared to $3.1 million in the previous year's second quarter, an increase of 87%. Similarly, Zoltek reported a positive cash flow from operating activities of $3.5 million for the quarter, compared to $0.6 million in the previous year's quarter. On a sequential quarter basis compared to the first quarter of the current fiscal year, Zoltek's net sales increased 21.5%.

For the six months ended March 31, 2007, Zoltek's net sales increased 60.5% to $67.0 million from $41.8 million in the first six months of fiscal 2006. Zoltek reported operating income from continuing operations of $8.1 million in the first half of fiscal 2007, compared to $1.4 million in the first half of fiscal 2006.

"We are very pleased that our results continue to show strong growth trends," Zsolt Rumy, Zoltek's Chairman and Chief Executive Officer, said. "We are on target in meeting our goals for sales growth and profitability improvements. We have raised our gross margin over the past year to 29% from 23% due to successful implementation of recent price increases and our focus on execution of productivity improvements. Our strong performance over the first half of the year reflects the contribution of two carbon fiber production lines that commenced operation in January, and continued strong demand for our carbon fibers from the wind energy and other sectors. With the addition of two more carbon fiber production lines that have just been placed in service at our facilities in Hungary, we expect to maintain accelerating sales and improved operating results through the remainder of fiscal 2007."

The company's expansion program continues in Hungary according to plan. In addition, plans are being prepared to install the basic polymerization and infrastructure for a new precursor facility to increase the precursor capacity to support future aggressive carbon fiber growth.

The financial report for the quarter included a $5.3 million non-cash
charge related to conversion of convertible debt issued by the company in
prior years. This charge does not reflect on the operating performance of
Zoltek's business.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post Back To Top
Author: mtmike55 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 353 of 360
Subject: Re: Zoltek Reports Date: 5/4/2007 7:13 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Light, doesn't appear to be much interest in ZOLT. I've been in for 14 months and think it's going out of sight. Just read the wind company Vestas basically doubled their order. Read anything else to buoy my optimism on this 5 point up day. Thanks, Mike

Print the post Back To Top
Author: Snowtown Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 354 of 360
Subject: Re: Zoltek Reports Date: 5/7/2007 11:23 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
HA!

I just asked FOOLDOOM to start a board on ZOLT without even knowing there already is one.

Could swear I checked last year and did not find a ZOLT board.

Anyways..been in and out of ZOLT thru all of 2006 and have been building a new position in the last few weeks.

This last CC looks to me like the start of some consistent "execution" on Rumy's part. I am hopeful we have turned that corner.

Here is a snip from Notable Calls site..

RBC Capital is commenting Zoltek (NASDAQL:ZOLT) after the company reported F2Q07 results Friday morning.

Firm believes pending announcements could drive estimates higher, increase FY09 earnings leverage visibility, and narrow the current multiple discount to growth from investor concerns over execution. Given improved Q207 execution and increased comfort with company's unique position as the largest, and lowest-cost, incumbent producer for industrial-grade carbon fiber, which they expect to be supply contrained through at least 2010, firm sees shares
as attractive. They see Zoltek's market opportunity as similiar to silicon providers to the solar industry two years ago.

Firm anticipates a substantial contract extension with Vestas at ~2x+ the current 3-yr $80-100M. They also believe company will reveal textile-plant conversion plans for precursor at a plant in Mexico. Lastly, they expect follow-on contract orders from other new and existing wind turbine customers in 2007 and oil services companies in 2008.

Notablecalls: Zoltek is definately a unique stock in two ways: 1) it is a dominant player in fast-growing sector, providing carbon fiber for the wind

energy sector. The company is in quite the same position as MEMC Electronic (NYSE:WFR) is to the solar sector. 2) Unlike MEMC Zoltek is the only US-quoted pure-play of the wind energy sector.

Given all the gaga over the solar energy, one might wonder why wind energy has gone relatively unnoticed. Lack of high-profile quoted wind energy companies has probably been the reason, but that is rather unjustified. After all, it has proven to be profitable source of alternative energy. Look for wind energy to continue growing and Zoltek to be one of the beneficiaries l-t. S-t, it's tough to make a call here following big gap up on Friday. Ideally I would like to see a pull-back to low $30s - that's probably where the analyst community would come out with aggressive recommendations. Not sure if we get that kind of opportunity, though.

Good luck all

Snow


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post Back To Top
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Advertisement