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,
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 years 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
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:
3770 HOWARD HUGHES PARKWAY SUITE 300 LAS VEGAS, NV 89109
PHONE (702) 735-2200 FAX (702) 735-4876
Exhibit 99.1 pg. 1