SPRINGDALE, Ark., March 07, 2016 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (OTCQB:AERT) announced today that net sales for the year ended December 31, 2015 were $82.7 million, up 8.8% from $76 million for the year ended December 31, 2014. Net sales for the fourth quarter of 2015 were $17.1 million, up $3.1 million or 22% from $14 million in the fourth quarter of 2014.
Commenting on the results, Tim Morrison, CEO of AERT noted, “Our 4th quarter and annual results indicate AERT continues on the right trajectory. While the industry has benefited from favorable weather and generally improving consumer confidence, the efforts of our associates and customers have amplified those favorable factors and delivered very positive results. I believe we are at the beginning of showing what we can achieve and the company is well positioned for the future. We are excited to see what 2016 brings.”
Gross Margin increased $2 million to $17.1 million for 2015 while the fourth quarter gross margin increased to $3.8 million from $1.8 million in the fourth quarter of 2014.
AERT’s net loss for 2015 was $0.9 million, or $0.01 per share, as compared to the 2014 net loss of $1.1 million.
The Company will release its fourth quarter earnings and 2015 Form 10-K on Thursday, March 10, 2016 and will host a conference call and webcast on Friday, March 11, 2016, beginning at 11:30 am (EST), 10:30 am (CST) to discuss the results. Listeners may participate in a question and answer session toward the end of the webcast by calling (855) 296-9643. To listen via internet visit http://aert.com/investor-relations.
About Advanced Environmental Recycling Technologies, Inc.
Since 1989, AERT (OTCQB:AERT) has pioneered the use of recycled polyethylene plastic in the manufacture of composite building materials. With its constantly evolving portfolio of patented and proprietary recycling technologies, AERT has been widely recognized as a leader in resource conservation and received the EPA Award for Environmental Excellence for its process of converting scrap plastic to composite outdoor decking. AERT converts reclaimed plastic and wood fiber waste into quality outdoor decking systems, fence systems, and door and window components. The Company is the exclusive manufacturer of ChoiceDek® decking, which is available in multiple colors and is sold in Lowe's Home Improvement stores nationwide. See http://www.choicedek.com for more information. AERT's MoistureShield® decking products are available throughout the U.S. and internationally. See http://www.moistureshield.com for product information or to find a regional distributor or dealer. AERT operates manufacturing facilities in Springdale and Lowell, Arkansas and Watts, Oklahoma.
Advanced Environmental Recycling Technologies, Inc. (OTCQB:AERT) trades on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can access real-time quotes and market information for the company on http://www.otcmarkets.com. For more information on the Company, visit http://www.aert.com. Sign up to receive investor information, including press releases, via email by visiting http://aert.com/contact-us/ .
Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as "forward-looking statements'" within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause AERT, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. AERT currently is considering, but may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.
AERT, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The above-mentioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect AERT, Inc., see AERT, Inc.'s filing with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for the fiscal year ended December 31, 2015.
For AERT Sarah Pore 479-203-5084 www.aertinc.com/investor-relations