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Cemtrex Inc. (CETX – 2.99) acquired Advanced Industrial Services Inc. (AIS), a well-known industrial services provider with over 120 employees, which is based in York, Pennsylvania. Cemtrex paid approximately $7,500,000 with $5,000,000 in cash, $1,500,000 in a seller’s note, and $1,000,000 in the form of 315,458 shares of Cemtrex shares. As mentioned in our previous update AIS averaged approximately $23 […]
Read moreCemtrex Inc. (CETX – $2.84), a diversified industrial and manufacturing technology company, signed a Letter of Intent (LOI) to purchase a leading US based industrial manufacturing and services company. During the past two years, the target company generated average revenues and EBITDA of approximately $23 million and $2.4 million respectively. Cemtrex’s Chief Executive Officer, Saagar Govil, commented, “With this planned […]
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Cemtrex, Inc. (CETX – $3.18), a diversified industrial and manufacturing technology company continues to make outstanding financial and operational progress. In the first six months of fiscal year 2015, ended March 31, 2015, Cemtrex’ net sales were $28.1 million compared with $20.5 million in 2014, an increase of 37.3%. In addition, net income for the six months ended March 31, […]
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In last week’s introduction of Cemtrex Inc. (CTEI $0.65), we mentioned that the diversified manufacturer was experiencing increased demand for its products in all its business segments. That trend was confirmed this week, as the Company received new orders in excess of $5,000,000 in its electronics manufacturing business. Delivery of the products will begin shortly and continue over the next […]
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Cemtrex Inc. (CTEI – $0.63) is a diversified Company that through its wholly owned subsidiaries provides electronic manufacturing services of custom engineered printed circuit board assemblies, emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities. Net sales for the 12-months were $47.6 million, compared to $13.6 million in the same period […]
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