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 2013 FIRST QUARTER

RESULTS; REAFFIRMS FULL YEAR GUIDANCE

LAS VEGAS, NEVADA, February 7, 2013 -- American Pacific Corporation (NASDAQ: APFC) today reported financial results for its first fiscal quarter ended December 31, 2012.

FINANCIAL SUMMARY

Quarter Ended December 31, 2012 Compared to Quarter Ended December 31, 2011

 

Revenues decreased 6% to $36.3 million compared to $38.5 million.

 

Operating income increased 79% to $4.9 million compared to $2.8 million.

 

Adjusted EBITDA increased 34% to $8.5 million compared to $6.4 million.

 

Income from continuing operations was $1.2 million compared to $0.04 million.

 

Diluted earnings per share from continuing operations was $0.15 compared to $0.00.

CONSOLIDATED RESULTS OF OPERATIONS

RevenuesFor our Fiscal 2013 first quarter, revenues decreased $2.2 million to $36.3 million as compared to $38.5 million for the Fiscal 2012 first quarter. The decrease is attributable to our Other Businesses segment. See further discussion below under Segment Highlights.

Cost of Revenues and Gross Profit – Fiscal 2013 first quarter cost of revenues was $20.9 million compared to $26.3 million for the Fiscal 2012 first quarter. The Fiscal 2013 first quarter consolidated gross margin was 42% compared to 32% for the Fiscal 2012 first quarter. On a consolidated level, one of the most significant factors that affects, and should continue to affect, the comparison of our consolidated gross profit and gross margin from period to period is the change in revenue mix among our segments. The revenue contribution by each of our segments is indicated in the following table.

 

     Quarter Ended December 31,  
     2012     2011  

Fine Chemicals

     59     56

Specialty Chemicals

     39     37

Other Businesses

     2     7
  

 

 

   

 

 

 

Total Revenues

     100     100
  

 

 

   

 

 

 

See further discussion of gross profit and gross margin at the segment levels under the heading Segment Highlights.

Operating Expenses – For our Fiscal 2013 first quarter, operating expenses were $10.5 million compared to $9.5 million for the Fiscal 2012 first quarter, an increase of $1.0 million. The most significant components of the increase were approximately $0.3 million for corporate shareholder matters, approximately $0.3 million for pension related expense and approximately $0.2 million for increases in Fine Chemicals segment research and development activities

– more –

3883 HOWARD HUGHES PARKWAY SUITE 700 LAS VEGAS, NV 89169

PHONE (702) 735-220 FAX (702) 735-4876

Page 1 of Exhibit 99.1


The following information was filed by American Pacific Corp (APFC) on Thursday, February 7, 2013 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.

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