EXHIBIT 99.1

AMERICAN PACIFIC – News Release

Contact: Dana M. Kelley – (702) 735-2200

E-mail: InvestorRelations@apfc.com

Website: www.apfc.com

AMERICAN PACIFIC REPORTS FISCAL 2011 RESULTS

LAS VEGAS, NEVADA, December 14, 2011 — American Pacific Corporation (NASDAQ: APFC) today reported financial results for its fiscal 2011 year and fourth quarter ended September 30, 2011.

We provide non-GAAP measures as a supplement to financial results based on GAAP. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is included in this release and the accompanying supplemental data.

FINANCIAL SUMMARY

Year Ended September 30, 2011 Compared to Year Ended September 30, 2010

 

 

Revenues increased $33.5 million, or 19%, to $209.7 million from $176.2 million.

 

 

Adjusted Operating Income increased to $14.4 million compared to operating income of $6.7 million.

 

 

Adjusted EBITDA increased to $33.0 million compared to $23.9 million.

 

 

Adjusted Net Income increased to $2.2 million compared to a net loss of $3.3 million.

 

 

Adjusted Diluted Earnings per share was $0.30 compared to diluted loss per share of $0.44.

Results for the year ended September 30, 2011 (“Fiscal 2011”) include other charges and gains that have been excluded from the computations of Adjusted Operating Income, Adjusted Net Income and Adjusted Diluted Earnings per share for Fiscal 2011. The adjusted results for Fiscal 2011 have been provided to facilitate comparisons to the year ended September 30, 2010 (“Fiscal 2010”). Each adjusting item is discussed in detail below. The following table reconciles each adjusted Fiscal 2011 result to the most directly comparable GAAP measure (dollars in thousands except per share amounts).

 

                 Diluted  
     Operating     Net Income     Earnings (Loss)  
     Income     (Loss)     Per Share  

As Adjusted

   $ 14,352      $ 2,235      $ 0.30   

Remediation Charges

     (6,000     (3,600     (0.48

Other Operating Gains

     2,929        1,757        0.23   

Deferred Tax Asset Valuation Allowance

     —          (7,628     (1.01
  

 

 

   

 

 

   

 

 

 

As Reported

   $ 11,281      $ (7,236   $ (0.96
  

 

 

   

 

 

   

 

 

 

Quarter Ended September 30, 2011 Compared to Quarter Ended September 30, 2010

 

 

Revenues increased to $80.7 million from $45.5 million.

 

 

Operating income increased to $19.1 million compared to $4.7 million.

 

 

Adjusted EBITDA was $23.0 million compared to $9.9 million.

 

 

Adjusted Net Income was $11.4 million compared to net income of $1.6 million.

 

 

Adjusted Diluted Earnings per share was $1.50 compared to diluted earnings per share of $0.22.

 

- more -

Page 1 of Exhibit 99.1


The following information was filed by American Pacific Corp (APFC) on Wednesday, December 14, 2011 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.

View differences made from one year to another to evaluate American Pacific Corp'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-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Pacific Corp.

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