EX-99
3
ex_99.txt
EXHIBIT 99


                                   Exhibit 99

                              FOR IMMEDIATE RELEASE

                       ALL AMERICAN SEMICONDUCTOR REPORTS
                              THIRD QUARTER RESULTS

                  Sales Increase 9% Over Third Quarter of 2004

Miami, FL - October 19, 2005 -- All American Semiconductor, Inc. (The Nasdaq
Stock Market:SEMI), a leading distributor of electronic components, today
announced its results for the third quarter and first nine months of 2005.

Net sales for the quarter ended September 30, 2005 were $113.2 million, up from
net sales of $103.8 million for the same period of 2004. Income from operations
was $1.7 million for both the third quarter of 2005 and 2004. Net income for the
quarter ended September 30, 2005 was $209,000 or $.05 per share (diluted). Net
income for the third quarter of 2004 included other income of $1.1 million on a
pre-tax basis ($616,000 on an after-tax basis or $.15 per share (diluted)) as a
result of our prevailing in a contract litigation. Including the other income,
net income for the third quarter of 2004 was $1.1 million or $.26 per share
(diluted).

For the first nine months of 2005, net sales were $318.8 million, compared to
net sales of $308.9 million for the first nine months of 2004. Income from
operations was $4.4 million for the first nine months of 2005, compared to $6.8
million for the same period of 2004. Net income was $578,000 or $.14 per share
(diluted) for the nine months ended September 30, 2005. Net income for the first
nine months of 2004 included other income of $1.1 million on a pre-tax basis
($616,000 on an after-tax basis or $.15 per share (diluted)) as a result of our
prevailing in a contract litigation. Including the other income, net income for
the first nine months of 2004 was $3.0 million or $.73 per share (diluted).

Bruce M. Goldberg, President and Chief Executive Officer of All American,
stated, "We are pleased with the continued growth in sales and encouraged by
signs of improved industry conditions. Sales for the third quarter increased 2%
over sales for the second quarter of this year and represented our second
consecutive quarterly increase in sales."

"We are excited about the opportunities presented by the continued consolidation
in our industry. Accordingly, as we stated before, we believe that it is
appropriate to continue to add resources and invest strategically to capitalize
on the opportunities that will be presented. While these investments, together
with a slight decline in our gross margins have impacted our profitability, we
are confident that we are well positioned and that our commitment to our
strategies will result in improved performance in the future."

All American is recognized as the nation's 4th largest distributor of
semiconductors and the 9th largest electronic components distributor overall.
The Company has offices in 36 strategic locations throughout North America, as
well as operations in both Asia and Europe.

To the extent that this press release discusses future performance,
expectations, beliefs or intentions about our sales, markets, future operating
results or investments in the growth of our business or otherwise makes
statements about the current or future industry or market conditions, trends or
developments including relating to industry consolidation, the statements are
forward-looking and are subject to a number of risks and uncertainties that
could cause actual results, performance or achievements to differ materially
from the statements made. Factors that could adversely affect the Company's
future results, performance or achievements include, without limitation: a
weakening of industry and market conditions and business activity; a tightening
by customers of their inventory levels; a slowdown in sales; the continuance of
a trend for electronics manufacturing to move offshore; the level of
effectiveness of the Company's business, investment and marketing strategies,
including those outside North America and particularly in Asia; insufficient
funds from operations, from the Company's credit facility and from other sources
(debt and/or equity) to support the Company's operations or the inability of the
Company to obtain additional financing when needed or on terms acceptable to the


Company; an increase in interest rates, including as a result of interest rate
hikes by the Federal Reserve Board, and/or an increase in the Company's average
outstanding borrowings; a reduction in the level of demand for products of its
customers including the level of growth of some of the new technologies
supported by the Company; deterioration in the relationships with existing
suppliers, particularly one of our largest suppliers; decreases in gross profit
margins, including decreasing margins resulting from the Company being required
to have aggressive pricing programs, an increasing number of low-margin, large
volume transactions, inventory oversupply conditions and/or increases in the
costs of goods; problems with telecommunication, computer and information
systems; the inability of the Company to expand its product offerings or obtain
product during periods of allocation; the impact from changes in accounting
rules; adverse currency fluctuations; the adverse impact of terrorism or the
threat of terrorism on the economy; and the other risks and factors including
those detailed in the Company's reports on Forms 10-K and Forms 10-Q and other
press releases. These risks and uncertainties are beyond the ability of the
Company to control. In many cases, the Company cannot predict the risks and
uncertainties that could cause actual results to differ materially from those
indicated by the forward-looking statements. The Company undertakes no
obligation to update publicly or revise any forward-looking statements, business
risks and/or uncertainties.

                        ALL AMERICAN SEMICONDUCTOR, INC.
             CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED)

(Dollars in thousands
 except per share amounts)


                                         Quarters                Nine Months
Periods Ended September 30           2005         2004         2005         2004
--------------------------------------------------------------------------------

Net Sales                      $  113,249   $  103,757   $  318,772   $  308,908
                               ==========   ==========   ==========   ==========

Income from Operations         $    1,690   $    1,672   $    4,438   $    6,834
                               ==========   ==========   ==========   ==========

Net Income (1)                 $      209   $    1,088   $      578   $    3,004
                               ==========   ==========   ==========   ==========

Earnings Per Share (1):
 Basic                               $.05         $.28         $.15         $.79
                                     ====         ====         ====         ====
 Diluted                             $.05         $.26         $.14         $.73
                                     ====         ====         ====         ====

Average Shares:
 Basic                          3,933,457    3,877,819    3,924,232    3,818,697
                                =========    =========    =========    =========

 Diluted                        4,107,600    4,201,717    4,109,868    4,127,946
                                =========    =========    =========    =========

(1) Included in the quarter and nine months ended September 30, 2004 is
    $1,081,000 on a pre-tax basis ($616,000 on an after-tax basis or $.15 per
    share (diluted)) of other income associated with our prevailing in a
    contract litigation.


                                      # # #
CONTACT:
Bruce M. Goldberg, CEO
Howard L. Flanders, CFO
(305) 621-8282 x1417



The following information was filed by All American Semiconductor Inc on Wednesday, October 19, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate All American Semiconductor Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by All American Semiconductor Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account