Dayton Superior Corp., a leading North American provider of specialized products for the non-residential concrete construction market, last week posted net sales of $116 million in the fourth quarter, equal to 2006’s fourth quarter net sales. However, income from operations was $11 million, compared to $3 million in 2006, reflecting gains in product sales gross profit, as a result of favorable pricing and ongoing cost-improvement programs.
Dayton Superior is believed to be the largest concrete-forming and shoring rental company servicing the domestic, non-residential construction market. The company reported $59.7 million in rental revenue for 2007, a year-over-year decrease compared with $62.8 million in 2006. Rental revenues for the fourth quarter were about $15.5 million, down from $18.3 in the fourth quarter of 2006.
Total revenue for the year increased from $479.3 million in 2006 to $483 million in 2007, while fourth-quarter total revenue was flat year over year, dropping from $116.1 million in Q406 to $115.6 million in Q407. Income from operations for the full year was $42 million compared to $33 million in 2006.
“Our operating performance improvement trends that began in 2006 are evident in our fourth quarter and full-year results,” said president and CEO Eric Zimmerman. “Considering that the construction industry experienced challenges through most of the year, and that non-residential construction activity was flat to down, these results validate the work of the Dayton Superior team to improve our processes, customer service and operating results.”
Dayton Superior Corp. is based in Dayton, Ohio.
