CTI Industries

Yunhong CTI Ltd. engages in development, production, and distribution of film products. The firm's products include Novelty Products and Flexible Films. The Novelty Products consist principally of foil and latex balloons and other inflatable toy items. The Flexible Film products include food and other commercial and packaging applications. It also offers Foil Balloons, Latex Balloons, Packaging Films and Custom Film Products, and Other Products. It operates through the United States and Mexico geographical segments. The company was founded on October 14, 1983 and is headquartered in Lake Barrington, IL.

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Yunhong Green CTI Ltd. engages in development, production, and distribution of film products. Its products include Novelty Products and Flexible Films. The Novelty Products consist principally of foil and latex balloons and related gift items. The Flexible Films Products include food and other commercial and packaging applications. The firm also offers Foil Balloons, Latex Balloons, Packaging Films and Custom Film Products, and Other Products. It operates through the United States and Mexico geographical segments. The company was founded on October 14, 1983 and is headquartered in Lake Barrington, IL.

New corporate name, Yunhong Green CTI LTD., reflects unified global presence and collective goal of bringing patented advanced materials to the North American marketplace to enhance environmental sustainability Developing compostable, biodegradable and recyclable components available for the Company's existing and expanding product lines Ticker symbol change from ‘CTIB' to ‘YHGJ' effective at the market open September 25, 2023 To mark the occasion, Company officials will celebrate the occasion at the Nasdaq LAKE BARRINGTON, IL / ACCESSWIRE / September 22, 2023 / Yunhong CTI Ltd.

Yunhong CTI Ltd. Announces Corporate Name, Nasdaq Ticker Symbol Change

Yunhong CTI Ltd. (NASDAQ:CTIB ) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Frank Cesario - Chief Executive Officer & Chief Financial Officer Jana Schwan - Chief Operating Officer Conference Call Participants Operator Good day and welcome to the Yunhong CTI Second Quarter and Year-to-Date 2023 Earnings Conference Call.

Yunhong CTI Ltd. (CTIB) Q2 2023 Earnings Call Transcript

Select Financial Highlights (unaudited) - Second Quarter 2023 and 2022 Net sales were $4.1 million in the second quarter 2023, compared with $4.4 million in the second quarter 2022 While helium pricing continued to moderate after the significant spike in 2022, it negatively impacted foil-balloon sales in Q2 2023 Foil balloon sales improved by $0.3 million sequentially Net loss for the second quarter 2023 improved to $0.1 million, compared to net loss of less than $0.4 million in the second quarter 2022 Adjusted EBITDA (a non-GAAP measure) was $0.2 million, compared to $0.0 million in the second quarter of 2022. Please refer to the table accompanying this press release for a reconciliation of the Company's GAAP and non-GAAP results.

Yunhong CTI Ltd. Reports Second Quarter 2023 Revenue of $4.1 Million and Net Loss of $0.1 Million; Year to Date Revenue of $9.1 Million and Net Income of $0.2 Million

LAKE BARRINGTON, IL / ACCESSWIRE / July 20, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, novelty balloons, gift items and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, August 3, 2023 at 10:00 am ET to review its second quarter 2023 financial results.

Yunhong CTI Ltd. to Host Second Quarter 2023 Conference Call on August 3rd

Yunhong CTI Ltd. (NASDAQ:CTIB ) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET Company Participants Frank Cesario - CEO, CFO & Independent Director Jana Schwan - COO Conference Call Participants Glenn Hamilton - Operator Good day, and welcome to the Yunhong CTI First Quarter 2023 Earnings Conference Call.

Yunhong CTI Ltd. (CTIB) Q1 2023 Earnings Call Transcript

Financial Highlights (unaudited) Net sales were $5.1 million in the first quarter, compared with $5.8 million in the first quarter of 2022 While helium pricing continued to moderate after the significant 2022 spike, it continued to negatively impact foil-balloon sales Net income was $0.4 million, compared to net loss of less than $0.1 million in the first quarter of 2022 Adjusted EBITDA (a non-GAAP measure) was $0.7 million, compared to $0.3 million in the first quarter of 2022. Please refer to the table accompanying this press release for a reconciliation of the Company's GAAP and non-GAAP results.

Yunhong CTI Ltd. Reports First Quarter 2023 Revenue of $5.1 Million and Net Income of $0.4 Million

LAKE BARRINGTON, IL / ACCESSWIRE / April 18, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, April 27, 2023 at 10:00 am ET to review its first quarter 2023 financial results.

Yunhong CTI Ltd. to Host First Quarter 2023 Conference Call on April 27th

Yunhong CTI Ltd (NASDAQ:CTIB ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants Jana Schwan - COO Frank Cesario - CEO, Acting CFO, Corporate Secretary & Director Conference Call Participants Glenn Hamilton - Analyst Operator Good day, and welcome to the Yunhong CTI Fourth Quarter and Year End 2022 Earnings Conference Call. [Operator Instructions].

Yunhong CTI Ltd (CTIB) Q4 2022 Earnings Call Transcript

Financial Highlights (unaudited) Net sales in the fourth quarter were $5.6 million, as compared to $6.6 million in the prior year period Full year 2022 net sales were $18.0 million, as compared to $24.1 million for the comparable period of 2021 Lower revenues in 2022 primarily attributable to high price of helium, which negatively impacted foil-balloon sales Helium prices declined during the second half of 2022 and in early 2023 Despite 25% lower revenue for the full year, gross margins improved to 17.4% in 2022, compared to 15.6% in 2021 Increased sales of products which do not require helium, such as our candy and balloon gift combinations, mitigated the impact of elevated helium prices during 2022 and led to a significant sequential revenue increase from Q3 to Q4 2022 Net loss improved to $0.01 per share for the fourth quarter of 2022 and $0.22 for the full year, as compared to a loss of $2.01 per share in 2021 Adjusted EBITDA was $0.1 million for 2022, compared to $1.0 million in the prior year comparable period (as noted below, the latter excludes a one-time $3 million gain on the sale of a building and a $10 million non-cash loss related to the sale of Flexo Universal) Business Highlights Fourth quarter sales, led by candy and balloon gift items, more than doubled third quarter sales in 2022 Despite $1 million in higher sales during the fourth quarter of 2021 ($6.6 million), gross margin in the fourth quarter 2022 was $1.1 million (18.9%), vs. $0.8 million (12.6%) in the same period of 2021 With continued moderation in helium pricing in 2023 and improved customer demand for foil balloons, the Company expects to realize improving profitability due to the structural, operating and balance sheet improvements made to its business over the past two years.

Yunhong CTI Ltd. Reports Fourth Quarter and Full Year 2022 Results

LAKE BARRINGTON, IL / ACCESSWIRE / February 13, 2023 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, February 23, 2023 at 10:00 am ET to review its fourth quarter and year end 2022 financial results.

Yunhong CTI Ltd. to Host Fourth Quarter and Year End 2022 Conference Call on February 23rd

Under the banner Yunhong CTI Green Initiative, the two entities have partnered to develop compostable, biodegradable and recyclable components for the Company's existing and expanding product lines LAKE BARRINGTON, IL / ACCESSWIRE / January 26, 2023 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that through its partnership with Yunhong Biotechnology, Inc. ("YB"), a member of the Yunhong Group ("YG") family of companies, established to bring to the U.S. market its advanced compostable materials, it is supporting research and development programs to develop compostable, biodegradable and recyclable components for Yunhong CTI's existing and expanding product lines.

Yunhong CTI Ltd. in Collaboration with Yunhong Biotechnology, Inc. is Going Green

Bringing patented advanced materials to the US to enhance environmental sustainability LAKE BARRINGTON, IL / ACCESSWIRE / December 1, 2022 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that Yunhong Biotechnology, Inc. ("YB"), a member of the Yunhong Group family of companies, established to bring to the U.S. market its advanced materials for a compostable alternative to many of the materials used and disposed of in landfills, recently hosted world renowned investor, Mr.

Yunhong CTI Ltd. Provides Update on Yunhong Biotechnology, Inc.

Yunhong CTI Ltd. (NASDAQ:CTIB ) Q3 2022 Earnings Conference Call November 16, 2022 10:00 AM ET Company Participants Frank Cesario - CEO Jana Schwan - COO Conference Call Participants Operator Good day and welcome to the Yunhong CTI Third Quarter 2022 Earnings Conference Call.

Yunhong CTI Ltd. (CTIB) Q3 2022 Earnings Call Transcript

Third Quarter and Nine-Month 2022 Financial Highlights Net sales of $2.3 million, as compared to $5.2 million in the prior year period, while for the nine-months of 2022 net sales were $12.5 million, as compared to $17.5 million for the comparable period of 2021 Lower revenues for three-and nine-month period in 2022 primarily attributable to high price of helium Helium pricing has moderated downward during the third quarter although it remains a challenge on everyday order volumes Net loss improved to $0.12 per share for the third quarter of 2022, as compared to a loss of $0.14 per share in the prior year comparable period Adjusted EBITDA was negative $0.6 million for the third quarter of 2022, compared to negative $0.2 million in the prior year comparable period Adjusted EBITDA for the nine-months of 2022 was negative $0.2 million compared to negative $0.6 million in the prior year comparable period Business Highlights The fourth quarter traditionally has been strong as the Company ships product for its largest holiday, Valentine's Day, and its Candy Blossoms product which are immune from helium pricing Gross margins are comparable despite the drop in revenue from the prior year, highlighting cost reduction steps that have been implemented 2022 Financial Guidance While improving from three months ago, helium prices remain elevated which has led to lower-than-expected foil balloon sales, the Company's top selling product line. The Company therefore can no longer support a full year expectation of $1.2 million of Adjusted EBITDA.

Yunhong CTI Ltd. Reports Third Quarter 2022 Results

LAKE BARRINGTON, IL / ACCESSWIRE / November 3, 2022 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Wednesday, November 16, 2022 at 10:00 am ET to review its third quarter 2022 financial results.

Yunhong CTI Ltd. to Host Third Quarter 2022 Conference Call on November 16th

Yunhong CTI Ltd. (NASDAQ:CTIB ) Q2 2022 Earnings Conference Call August 16, 2022 10:00 AM ET Company Participants Frank Cesario - CEO Jana Schwan - COO Conference Call Participants Michael Khorassani - Orion Capital Operator Good day and welcome to the Yunhong CTI's Second Quarter 2022 Earnings Conference Call.

Yunhong CTI Ltd. (CTIB) CEO Frank Cesario on Q2 2022 Results - Earnings Call Transcript

Second Quarter and Six-Month 2022 Financial Highlights Net sales of $4.4 million, as compared to $5.7 million in the prior year period Despite a strong start in April, the elevated price of helium impacted foil balloon customer demand significantly during May and June Net loss of $0.10 per share, as compared to a gain of $0.27 per share in the prior year period, which included a one-time gain on the sale of a building of approximately $3.4 million, or $0.57 per share Adjusted EBITDA improved significantly to positive $6,000 from a loss of ($502,000) during Q2 2021 Adjusted EBITDA for the first six-months of 2022 was $346,000 compared to a loss of $(410,000) for the comparable period in 2021 Business Highlights Continuing strong underlying demand Robotic arms on first balloon converting line operating as expected; roll out to additional lines expected throughout 2022 and 2023 Financial and operational benefit from the disposition of Flexo in October 2021 2022 Financial Guidance The Company continues to expect full year 2022 Adjusted EBITDA of more than $1.2 million LAKE BARRINGTON, IL . ACCESSWIRE / August 15, 2022 / Yunhong CTI Ltd.

Yunhong CTI Ltd. Reports Second Quarter 2022 Results

Bringing patented advanced materials to the US to enhance environmental sustainability LAKE BARRINGTON, IL / ACCESSWIRE / August 11, 2022 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced the arrival of Yunhong Biotechnology, Inc. ("YB") in the United States.

Yunhong CTI Ltd. Announces the Arrival of Yunhong Biotechnology, Inc.

LAKE BARRINGTON, IL / ACCESSWIRE / August 2, 2022 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Tuesday, August 16, 2022 at 10:00 am ET to review its second quarter 2022 financial results.

Yunhong CTI Ltd. to Host Second Quarter 2022 Conference Call on August 16th

Yunhong CTI Ltd. (NASDAQ:CTIB ) Q1 2022 Earnings Conference Call May 19, 2022 10:00 AM ET Company Participants Frank Cesario - CEO Jana Schwan - COO Conference Call Participants Operator Good day.

Yunhong CTI Ltd. (CTIB) CEO Frank Cesario on Q1 2022 Results - Earnings Call Transcript

First Quarter 2022 Financial Highlights Net sales of $5.8 million, as compared to $6.6 million in the prior year period Net sales affected by timing of a portion of Mother's Day product shipments which shipped in early April this year instead of late March last year Net loss of $0.04 per share, as compared to a loss of $0.36 per share in the prior year period, which includes the loss attributable to the Company's Flexo Universal ("Flexo") subsidiary. The Company disposed of its Flexo subsidiary during October 2021.

Yunhong CTI Ltd. Reports s First Quarter 2022 Results; Provides Preliminary 2022 Financial Guidance

LAKE BARRINGTON, IL / ACCESSWIRE / May 12, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, May 19, 2022 at 10:00 am ET to review its first quarter 2022 financial results.

Yunhong CTI Ltd. to Host First Quarter 2022 Conference Call on May 19th

Yunhong CTI Ltd. (NASDAQ:CTIB ) Q4 2021 Earnings Conference Call April 13, 2022 10:00 AM ET Company Participants Frank Cesario - CEO Jana Schwan - COO Conference Call Participants Operator Good day.

Yunhong CTI Ltd. (CTIB) CEO Frank Cesario on Q4 2021 Results - Earnings Call Transcript

Financial Results (Unaudited) Net sales increased 14% to $24.1 million as compared to $21.1 in the previous year Gross profit increased to $3.8 million, or 22.6% as compared to $3.1 million in the previous year Net loss per share includes the net disposition cost of our Flexo subsidiary Business Highlights Completed realignment of operations to position the Company for improved performance and growth Successfully refinanced term loan obligations and entered into a new Revolving Credit and Security Agreement Appointed Frank Cesario as Chief Executive Officer and Added Three New Independent Board Members LAKE BARRINGTON, IL / ACCESSWIRE / April 13, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB ) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced its 2021 financial results.

Yunhong CTI Ltd. Announces Full Year 2021 Results

LAKE BARRINGTON, IL / ACCESSWIRE / March 30, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Wednesday, April 13, 2022 at 10:00 am ET to review its financial results from 2021 and discuss its business as it begins 2022.

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