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Automodular Corporation: Third Quarter 2012 Results

AJAX, ONTARIO -- (Marketwire) -- 11/06/12 -- Automodular Corporation (TSX:AM) ("Automodular") reports net earnings of $4.2 million or $0.21 per share for the three months ended September 30, 2012 compared to $2.3 million or $0.12 per share for the same three-month period ended September 30, 2011. For the nine months ended September 30, 2012 and 2011 Automodular reports net earnings of $12.3 million and $8.4 million or $0.61 and $0.42 per share, respectively.

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


                              Three months ended           Nine months ended
                                    September 30                September 30
                              2012          2011          2012          2011
                                 $             $             $             $
----------------------------------------------------------------------------
Sales                       35,359        18,969        88,878        58,266
Net earnings                 4,243         2,331        12,262         8,429
Per share - basic             0.21          0.12          0.61          0.42
Per share - diluted           0.21          0.12          0.60          0.42
----------------------------------------------------------------------------
----------------------------------------------------------------------------

The Board of Directors has declared a total dividend of $0.26 composed of a regular quarterly dividend of $0.06 and a special dividend of $0.20 payable December 4, 2012 to shareholders of record November 20, 2012.

Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry - Ford Motor Company's Oakville Assembly Plant - and the renewable energy industry - Vestas Nacelles A/S. The Company has three operating facilities and employs approximately 560 people.

Contacts:
Automodular Corporation
Christopher S. Nutt
President and CEO
(905) 619-4202
invest@automodular.com

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