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Blastgard International Inc  (BLGA)
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    Sector  Basic Materials    Industry Chemicals - Plastics & Rubber
 
 

EARNINGS REPORT by CSIMarket

Earnings helped by tax benefit


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A $5 million tax benefit, helped Blastgard International Inc to post $0.02 eps in the forth quarter 2016



Although revenue fell for the forth quarter 2016, company managed to improve it's earnings per share, earnings per share soared to $0.02 per share while Sales fell by -1.39 % to $3 millions, year on year.

From preceding quarter, from $0.00 per share and Sales advanced by 12.78 % from $3 millions.

Net income of $6 millions in the forth quarter 2016 increased by 1113.02 % from break-even achieved in the corresponding quarter a year ago. Blastgard International Inc also emphasized it's improving profit margins, where net margin rose to 182.19% in forth quarter 2016, and operating margin edged up to 16.12%.

The company's bottom-line growth was helped by $5 million tax benefit, without it, the forth quarter 2016 results would be much more moderate.
Blastgard International Inc reported earnings of $6 millions and Sales of $8 millions for the fiscal year 2016.

Company reported earnings per share of $0.02 compare to $0.00 in the previous fiscal year, while Sales increased by 3.27 % from $8 millions a year ago.
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Blastgard International Inc reported third quarter 2016 earnings

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Blastgard International Inc reported first quarter 2016 earnings

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