Zoltek Q4 FY'13 revenues fall 7.23%

For the fourth quarter of fiscal 2013, ended September 30, 2013, Zoltek reported net sales of $41.0 million, compared to $44.2 million in the fourth quarter of fiscal 2012.

Zoltek reported operating income of $1.7 million for the latest quarter and a net loss of ($0.2) million. In the fourth quarter of the previous fiscal year, Zoltek reported operating income of $5.3 million and net income of $4.2 million, or $0.13 per share.

For the fiscal year as a whole, Zoltek’s net sales decreased 25% to $140.5 million in fiscal 2013 from $186.3 million in fiscal 2012.

In fiscal 2013, Zoltek reported operating income of $8.1 million and net income of $5.2 million, or $0.15 per share, which compares to operating income of $25.6 million and net income of $22.9 million, or $0.67 per share, in fiscal 2012.

Zoltek Companies, Inc., through our wholly owned subsidiaries, engages in the development, manufacture, and marketing of carbon fibers for various applications. Our carbon fibers are used as the primary building material in commercial products.

We sell our commercial grade carbon fibers under the PANEX trade name and our oxidized acrylic fiber under the PYRON trade name. Our operations are primarily in the United States, Mexico and Europe and we sell our products worldwide.

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