• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

KMG Chemicals Announces Uninterrupted Supply and Service to Its Customers in the Aftermath of Recent Hurricanes; Company Expects to Release Fiscal Year End Financial Results on October 6, 2005

Posted on: Friday, 30 September 2005, 15:01 CDT

KMG Chemicals, Inc. (NASDAQ:KMGB), a global provider of specialty chemicals in carefully focused markets, today announced that it is fully operational following the recent hurricanes that hit the U.S. Gulf Coast and has been providing uninterrupted service to its customers during this time.

Neal Butler, President and Chief Operating Officer said, "We are pleased to report that our facilities were spared any serious damage from Hurricanes Katrina and Rita. Importantly, we have been able to maintain continuous supply to our customers as they treat industrial lumber for the rebuilding of the coastal towns from Texas to Mississippi. We are seeing a nominal increase in demand associated with the rebuilding effort."

Mr. Butler continued, "We incurred some additional expenses during this time to assure supplies to our customers. Additionally, our costs to deliver product to our customers has increased with the rising fuel prices and tighter U.S. distribution capacity stemming from the hurricanes. We are recovering the direct expenses associated with the hurricanes through our product pricing."

Additionally, the Company announced that it expects to release its earnings for the fourth quarter and fiscal year ended July 31, 2005 after the close of the market on Thursday, October 6, 2005.

KMG Chemicals, Inc., through its subsidiaries, produces and distributes specialty chemicals to carefully focused markets. The Company grows by acquiring and managing stable chemical product lines and businesses with established production processes. Its wholly owned subsidiary, KMG-Bernuth, Inc. is a global provider of products to the wood treating and agricultural industries. For more information, visit www.kmgchemicals.com.

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties.

Source: Business Wire

More News in this Category