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CTI Industries Corp (CTIB.OQ)

CTIB.OQ on NASDAQ Stock Exchange Capital Market

3.28USD
17 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Cti Industries Announces Intent To Divest Operating And Economic Interest In Clever Container
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - CTI Industries Corp ::PRESS RELEASE - CTI INDUSTRIES ANNOUNCES INTENT TO DIVEST OPERATING AND ECONOMIC INTEREST IN CLEVER CONTAINER LLC.CTI INDUSTRIES CORP - PLANNED DIVESTITURE IS EXPECTED TO OCCUR DURING 2019.  Full Article

CTI Industries Announces Leadership Transition
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - CTI Industries Corp ::CTI INDUSTRIES ANNOUNCES LEADERSHIP TRANSITION.SAYS CEO STEPHEN M. MERRICK TO RETIRE.STEPHEN MERRICK RETIRES AS CEO.TERMINATES PROPOSED SUBSCRIPTION RIGHTS OFFERING DUE TO MARKET CONDITIONS.REITERATES OUTLOOK FOR IMPROVED OPERATING PERFORMANCE IN 2018.CTI PRESIDENT JEFFREY HYLAND APPOINTED SUCCESSOR TO MERRICK.MERRICK WILL REMAIN WITH CTI AS GENERAL COUNSEL, SECRETARY, AND A MEMBER OF BOARD.ON TRACK TO REMOVE APPROXIMATELY $3.0 MILLION OF ANNUALIZED OPERATING COSTS BY END OF 2018.FOR FULL YEAR 2018, CONTINUE TO EXPECT HIGHER NET SALES, LOWER TOTAL OPERATING EXPENSES, AND HIGHER OPERATING PROFITABILITY.TERMINATION OF PROPOSED SUBSCRIPTION RIGHTS OFFERING WILL NOT MATERIALLY AFFECT CTI'S EXISTING OPERATIONS OR OUTLOOK.CTI AND ITS LENDER REVISED TERMS OF ITS CREDIT FACILITY BASED ON EXPECTATION OF SUCCESSFUL SUBSCRIPTION RIGHTS OFFERING.CTI, LENDER ENGAGED IN DISCUSSIONS TO FURTHER MODIFY THAT ARRANGEMENT ASSUMING NO ADDITIONAL CAPITAL IS RAISED.  Full Article

CTI Industries QTRLY Loss Per Share $0.16
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - CTI Industries Corp ::CTI INDUSTRIES ANNOUNCES 2018 THIRD QUARTER FINANCIAL RESULTS.Q3 SALES FELL 13 PERCENT TO $11.5 MILLION.COMPANY DEFERS PROPOSED SUBSCRIPTION RIGHTS OFFERING DUE TO CURRENT MARKET CONDITIONS.REITERATES OUTLOOK FOR IMPROVED OPERATING PERFORMANCE IN 2018.QTRLY LOSS PER SHARE $0.16.CTI INDUSTRIES - FOR FY 2018 CO EXPECTS HIGHER NET SALES, LOWER TOTAL OPERATING EXPENSES, AND HIGHER OPERATING PROFITABILITY.CTI INDUSTRIES-RE-ITERATED OUTLOOK AFTER CONSIDERING CONTINUING EVALUATION OF IMPACT OF RECENTLY IMPOSED TARIFFS TO SOME CHINA-MANUFACTURED PRODUCTS.  Full Article

CTI Industries Reports Q4 Loss Per Share $0.24
Thursday, 29 Mar 2018 

March 29 (Reuters) - CTI Industries Corp ::ORATION REPORTS RESULTS FOR FULL YEAR AND FOURTH QUARTER 2017.Q4 LOSS PER SHARE $0.24.Q4 SALES $14.84 MILLION VERSUS $21.44 MILLION.  Full Article

CTI Industries Corp Announces New Financing And Banking Relationship
Monday, 18 Dec 2017 

Dec 18 (Reuters) - CTI Industries Corp ::CTI INDUSTRIES CORPORATION ANNOUNCES NEW FINANCING AND BANKING RELATIONSHIP.CTI INDUSTRIES CORP - ON DEC 14, 2017, CO ENTERED INTO A CREDIT AGREEMENT WITH PNC BANK, NATIONAL ASSOCIATION.CTI INDUSTRIES CORP - UNDER CREDIT AGREEMENT, BANK EXTENDED TO CO A CREDIT FACILITY OF $24 MILLION.CTI INDUSTRIES CORP - CREDIT FACILITY INCLUDES A REVOLVING CREDIT FACILITY OF UP TO $18 MILLION AND TERM LOAN FACILITY OF $6 MILLION.CTI INDUSTRIES CORP - MATURITY DATE ON LOANS IS DECEMBER 2022.  Full Article

CTI Industries says John Schwan Has Retired As CEO
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Cti Industries Corp ::CTI INDUSTRIES CORP- JOHN SCHWAN HAS RETIRED AS CHIEF EXECUTIVE OFFICER AND WILL REMAIN CHAIRMAN OF BOARD.CTI INDUSTRIES CORP- STEPHEN MERRICK HAS BEEN APPOINTED TO POSITION OF CHIEF EXECUTIVE OFFICER.CTI INDUSTRIES CORP- JEFFREY HYLAND HAS BEEN NAMED TO REPLACE MERRICK AS PRESIDENT.CTI INDUSTRIES CORP- CHANGES TO MANAGEMENT STRUCTURE EFFECTIVE DECEMBER 1, 2017.  Full Article

CTI Industries Corp names ‍Frank Cesario as CFO
Monday, 20 Nov 2017 

Nov 20 (Reuters) - CTI Industries Corp :CTI Industries Corporation reports appointment of chief financial officer.CTI Industries Corp - ‍Frank J. Cesario has been appointed and has joined company as chief financial officer​.  Full Article

CTI INDUSTRIES SAYS TIMOTHY PATTERSON TENDERED HIS RESIGNATION AS CFO
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Cti Industries Corp ::CTI INDUSTRIES CORP SAYS ‍EFFECTIVE NOV 15, TIMOTHY PATTERSON TENDERED HIS RESIGNATION AS CFO - SEC FILING.  Full Article

CTI Industries Corporation reports Q3 loss per share $0.08
Monday, 13 Nov 2017 

Nov 13 (Reuters) - CTI Industries Corp :CTI Industries Corporation reports third quarter and nine months results.Q3 loss per share $0.08.Q3 sales $13.23 million.  Full Article