CORPORATE EARNINGS
Tufco Technologies Inc.
1Q 2013
1Q 2012
Revenue
$28.3 million
$25.7 million s 10%
Income
$740,000
($690,000)
s 207%
EPS
17 cents
(14 cents)
s 221%
The commercial-oriented financial institution serving Madison, Milwaukee and northeast Wisconsin reported record annual income of $8.9 million, a 6 percent increase from fiscal year 2011 earnings. The bank’s non-performing assets decreased by 35 percent to $15.7 million since the close of fiscal 2011.
Oshkosh Corp.
The Green Bay-based contract paper converter reduced its borrowing under its credit facility by 36 percent during its first fiscal quarter to $4.7 million.
1Q 2013
1Q 2012
Revenue
$1.8 Billion
$1.9 Billion t 6%
Income
$46.5 million
$38.9 million s 20%
First Business Financial Services Inc.
EPS
51 cents
42 cents
4Q 2012
4Q 2011
Income
$2.5 million
$2.4 million s 6%
EPS
86 cents
90 cents
t 4%
s 21%
The manufacturer of specialty vehicles reported a 21 percent decrease in its defense segment revenue during the quarter, but noted a 15 percent increase in external sales from its access equipment segment, driven by higher telehandler volumes in North America. The company’s fire and emergency segment sales increased 21 percent during the quarter to $193 million.
Dean Foods
4Q 2012
4Q 2011
Revenue
$3.0 Billion
$2.9 Billion s 3%
Income
$37.0 million
($9.9 million) s 474%
EPS
20 cents
(5 cents)
s 500%
The dairy-based foods company with extensive operations in Wisconsin, including the Green Bay area, reported it completed the sale of its Morningstar business this past January. The company’s Fresh Dairy Direct segment experienced raw milk commodity costs increased 23 percent from the previous quarter and were 8 percent above fourth quarter 2011 levels.
Bank First
4Q 2012
4Q 2011
Income
$2.0 million
$1.9 million s 5%
EPS
30 cents
28 cents
s 7%
The Manitowoc-based financial institution with significant operations across northeast Wisconsin reported full year 2012 income increased 22 percent to $10.4 million, or $1.58 per share, compared to income of $8.5 million in 2011. At the very end of 2012 the bank’s total assets surpassed the $1 billion mark for the first time.
12 l NEW NORTH B2B l MARCH 2013
www.newnorthb2b.com