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Press release from Marketwire

Automodular Corporation: First Quarter 2013 Results

Thursday, May 09, 2013

Automodular Corporation: First Quarter 2013 Results

14:54 EDT Thursday, May 09, 2013

AJAX, ONTARIO--(Marketwired - May 9, 2013) - Automodular Corporation ("Automodular") (TSX:AM) reports net earnings of $3.6 million or $0.18 per share for the quarter ended March 31, 2013. Net earnings for the same period in 2012 were also $3.6 million or $0.18 per share.

The results for the first quarter are summarized below (all figures in '000s except per share amounts):

Three months ended
March 31
Sales 21,807 23,818
Net earnings 3,636 3,631
Per share (basic and diluted) 0.18 0.18

The Board of Directors has declared a regular quarterly dividend of $0.06 per share payable June 6, 2013 to shareholders of record May 23, 2013.

Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry - Ford Motor Company's Oakville Assembly Plant. The Company has two operating facilities and employs approximately 525 people.


Contact Information:
Automodular Corporation
Christopher S. Nutt
President and CEO
(905) 619-4202

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