On May 13, 2013, CTI Industries reported a first quarter profit of $130,000, or $0.04 per share, on revenue of $13.3 million. We projected a 1Q profit of $0.01 per share on revenue of $13.4 million. In the year-earlier period, the company earned $0.12 per share on revenue of $13.8 million.
CTI Industries Corporation, through its facilities in Illinois, Mexico, and the United Kingdom, is primarily engaged in the development, manufacture, sale, and distribution of: 1) Novelty products, principally balloons (including mylar balloons and latex balloons), punch balls and other inflatable toy items; and 2) Specialty and printed films primarily for food packaging, specialized consumer uses, and various commercial applications.
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