KMG Chemicals, Inc. (NASDAQ:KMGB) has released the first quarter earnings for the period ended October 31, 2009. The company’s net sales were $49.4 million with a production of operating income of $8.0 million, and a net income of $4.6 million or $0.41 per diluted share. It’s Wood Preservatives generated net sales of $25.5 million, Electronic Chemicals $23.0 million, and Animal Health $933,000.
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The full financial report is available for review on the Investor Relations portion of the company’s website, http://www.kmgchemicals.com/. A conference call reviewing the financial results is also available for replay on the website.
KMG Chemicals, Inc. manufacture, formulate and globally distribute specialty chemicals. The Company has acquired and operates segments engaged in the electronic chemicals, industrial wood preserving and animal health businesses. The electronic chemicals segment provides wet process chemicals to the semiconductor industry, primarily to clean and etch silicon wafers in the production of semiconductors. The Company is a supplier of wet process chemicals to the semiconductor industry in the United States, and has presence in Europe. The Company’s wood preserving chemicals, pentachlorophenol, or penta, and creosote, are sold to industrial customers who use these preservatives primarily to extend the useful life of utility poles and railroad crossties. Its animal health pesticides are used on cattle, swine and poultry to protect these animals from flies and other pests.
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