EXHIBIT 99.1
AMERICAN PACIFIC CORPORATION
Fiscal 2005 Year-End Report
Contact: Seth Van Voorhees — (702) 735-2200 ext. 166
E-mail: InvestorRelations@apfc.com     Website: www. apfc.com
AMERICAN PACIFIC REPORTS FISCAL 2005 FOURTH QUARTER
AND YEAR-END RESULTS, and INVESTOR TELECONFERENCE
LAS VEGAS, NEVADA, December 20, 2005 — American Pacific Corporation (NASDAQ: APFC) today reported financial results for its fiscal 2005 fourth quarter and the year ended September 30, 2005.
Results of Operations
Revenues and Per Share Amounts - Revenues for the fourth quarter of fiscal 2005 were $30.3 million, reflecting an increase of $10.2 million, or 51%, compared to last year’s fourth quarter. Net income was $5.4 million, or $0.74 per diluted share, compared to $2.1 million, or $0.29 per diluted share during the fourth quarter of fiscal 2004.
For the 2005 fiscal year, revenues increased $23.9 million, or 40%, to $83.3 million from $59.5 million in fiscal 2004. The net loss for fiscal 2005 was $(9.7) million, or $(1.33) per diluted share, as compared to a net loss of $(0.4) million, or $(0.05) per diluted share for fiscal 2004. The fiscal 2005 results include a non-cash charge for environmental remediation of $14.1 million, net of tax, or $(1.93) per diluted share.
The increase in revenues during fiscal 2005, compared to the prior year, was principally attributable to an increase in Specialty Chemicals segment sales of $8.0 million, an increase in Other Businesses segment sales of $3.4 million, and the fiscal 2005 acquisition of our Aerospace Equipment segment in October 2004 which contributed $12.4 million.
Specialty Chemical revenues increased in fiscal 2005 principally due to the inclusion of a full year of operating results from our ES packaged explosives business. We began consolidating the ES results in April 2004, and as a consequence, only six months of ES results were included in fiscal 2004.
The increase in Other Businesses segment sales resulted principally from a $3.3 million increase in real estate sales. In fiscal 2005, we completed the sale of all our Nevada real estate that we targeted for sale.
Our Grade I ammonium perchlorate (“AP”) is a major source of revenue and profit for the Specialty Chemicals segment. Perchlorate revenues accounted for 53% of our revenues in fiscal year 2005. The suspension of Space Shuttle missions after the Columbia disaster in February 2003 reduced subsequent sales volume of our Grade I AP products. During the next several years, the demand for Grade I AP will be primarily driven by the following factors:
— more —
3770 HOWARD HUGHES PARKWAY  SUITE 300  LAS VEGAS, NV 89109
PHONE (702) 735-2200  FAX (702) 735-4876
Exhibit 99.1 — pg. 1

 


The following information was filed by American Pacific Corp (APFC) on Tuesday, December 20, 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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