Houston, Texas — Lapolla Industries Inc., a US manufacturer of spray foam insulation and cool roof coating products, has posted third quarter sales of $18.1 million (Eur 13.4 million) compared to $17.6 during the same quarter last year.
The company said its total operating expenses increased to $81,332, or by 2.2%, in the third quarter of 2013 compared to the third quarter of 2012.
Foam sales increased from $14.4 million to $15.2 million, while coatings took a dip from the $3.3 million sales reported in the third quarter of 2012 compared to $2.8 million in the third quarter of this year.
“The third quarter 2013 results demonstrate our continued commitment to margin control and building shareholder value,” said Douglas Kramer, CEO and president at Lapolla.
“Sales increased quarter over quarter, but most importantly gross profit was up substantially. Both our short term and long term strategies are in full play and both are expected to lead to improved future results. International sales opportunities continue to come to fruition with the outlook being very positive.”