Article: ICO, Inc. Announces Fiscal 2004 First Quarter Results; - Company returns to profitability - Business volumes up 12% year-over-year - Gross profit up 47% year-over-year - Gross margins 18.9%, the highest gross margins achieved since the third quarter of fiscal year 2002.

ICO, Inc. announced first quarter fiscal year 2004 financial results today. For the first quarter, ICO reported revenues of $56,847,000, EBITDA (defined as earnings from continuing operations before interest expense, taxes, depreciation, amortization, impairment, restructuring and other costs - see Reconciliation of Financial Data) of $3,127,000, operating income from continuing operations of $971,000 and net income from continuing operations of $205,000 or 1 cent per common share.

Including discontinued operations, net income was $110,000 for the quarter.

 
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  Year-over-year quarter ...

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