$EIL.TSX.V 0.115..Summary of 2013 annual results

Empire Industries

- Revenues increased by $34.1 million, or 41% (to $117.8 million from
$83.7 million in 2012)
-- Adjusted EBITDA increased by $4.3 million, or 215% (to $6.3 million from
$2.0 million in 2012)
-- Net Income increased by $5.0 million (to $4.4 million from a net loss of
$0.6 million in 2012). Net Income was $0.02 per share in 2013 versus Nil
in 2012.
-- Backlog of $116 million, up from $73 million at of the Group's third
quarter report;

For the quarter and year ended
December 31
($ millions except share price and Fiscal Fiscal Q4 Q4
per share amounts) 2013 2012 2013 2012

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Financial Results
Revenue 117.8 83.7 31.5 24.6
Adjusted EBITDA ($)(1) 6.3 2.0 1.2 -
Adjusted EBIT ($)(1) 5.2 0.9 1.0 -
Net income from all operations 4.4 (0.6) 0.7 (2.4)

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Financial Position (at December 31)
Total assets 52.3 36.3 53.3 36.3
Long-term debt (including current
portion) 4.6 3.7 4.6 3.7
Shareholders' equity 15.3 7.2 15.3 7.2

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Per Share Information
Income per share (Basic) 0.02 (0.00) (0.005) (0.01)
Income per share (Diluted) 0.02 (0.00) (0.005) (0.01)

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(1) Adjusted earnings (loss) before interest, tax, depreciation and
amortization (Adjusted EBITDA) is not defined by IFRS. The definition of
Adjusted EBITDA does not take into account the Group's share of profit of an
associate investment, gains and losses on the disposal of assets, fair value
changes in foreign currency forward contracts and non-cash components of
stock based compensation. Adjusted EBIT is the result of the Group's
Adjusted EBITDA less depreciation and amortization expenses. While not IFRS
measures, Adjusted EBITDA and Adjusted EBIT are used by management,
creditors, analysts, investors and other financial stakeholders to assess
the Group's performance and management from a financial and operational
perspective.


http://www.empind.com/news/empire-industries-...44-million


http://www.empind.com/userFiles/2013_yearend_report__web.pdf