WATKINS, MN--(Marketwired - Jul 25, 2013) - International Barrier Technology Inc. ("Barrier") (
Record monthly shipments of 1,873,112 sq. ft. were realized during the month of June, a 151% increase over the 747,700 sq. ft. shipped in June 2012. Record Q4 shipments were achieved as 5,161,600 sq. ft. shipped Apr-Jun 2013 a 104% increase in comparison to 2,531,100 sq. ft. during the same quarterly period last year. Residential Roof Deck/Wall Assembly/Structural Insulated Panel markets represented 70% and the Commercial Modular market represented 30% of total quarterly shipments.
Record sales volume of 13,243,741 sq. ft. was shipped for the fiscal year ending June 30, 2013. This was an increase of 37% from the 9,687,029 sq. ft. shipped in Fiscal 2012. Residential Roof Deck/Wall Assembly/Structural Insulated Panel market business grew by 51% year over year and represented 71% of total Barrier shipments. The Commercial Modular market was up 11% year over year and represented 29% of total shipments.
Monthly sales revenue grew 142%; quarterly sales revenue increased 136%; and fiscal year sales revenue for the period ending June 30, 2013 was up 45% from $4,144,806 to $5,995,010 over the comparable periods last year. Fiscal year revenue generated from Residential Roof Deck/Wall Assembly/Structural Insulated Panel markets rose 54% and revenue from the Commercial Modular market inclined 7%.
"Barrier is pleased by our overall improvement in sales volume as measured by both product shipped and revenue," reports Dr. Michael Huddy, Barrier CEO and Director. "The majority of our increases in year to year business occurred in the final six months of the fiscal year ending June 30, 2013. We expect to see continued growth over the next six months as fire-rated wall assemblies utilizing our proprietary technology gain increasing attention and acceptance within the building community."
About International Barrier Technology Inc.
International Barrier Technology Inc. (
INTERNATIONAL BARRIER TECHNOLOGY INC.
______________________ Michael D. Huddy President, Director
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Melissa McElwee CFO International Barrier Technology (800) 638-4570 Email Contact For more information please visit: www.intlbarrier.com
