moro corp.
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Financial Results


2009 Financial Results -
First Half

August 11, 2009

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Consolidated Statements -
2009 First Half & 2008


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2008 Financial Results
April 13, 2009

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MORO CORPORATION ACQUIRES TITCHENER IRON WORKS

Wayne, PA, August 2, 2010 — Moro Corporation (OTCQX: MRCR) today announced that it has acquired Titchener Iron Works, Binghamton, NY.

Titchener Iron Works, founded in 1920, is a successful and profitable fabricator and installer of miscellaneous steel including stairs, railings and ornamental architectural metal. Its customers are general contractors and end users located within 250 miles of Binghamton, NY. The business has 25 employees.

The end users are schools, universities, hospitals, industrial concerns, manufacturing facilities and others.

Within Titchener Iron Works' geographic area of focus, Moro owns J & J Sheet Metal Works, Vestal, NY (fabricator and installer ofHVAC duct systems) and Appolo Heating, Inc., Schenectady, NY (residential/light commercial HVAC contractor). These three businesses serve many of the same customers and are expected to work closely together in the future.

This acquisition is expected to add two cents per share to Moro's annual EPS.

Moro is a profitable and financially strong and multi-subsidiary, eleven-location construction products and services company engaged in the (a) fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), miscellaneous steel products and process piping, (b) distribution of construction steel, miscellaneous steel and construction accessories, and (c) mechanical contracting services (HVAC, plumbing, and piping).

For more information, contact David W. Menard, President and CEO, or Lawrence J. Corr, Executive Vice President, at 484-367-0300; fax 484-367-0305.


MORO CORPORATION REPORTS FULL YEAR 2009 EARNINGS PER SHARE INCREASES 143% OVER PREVIOUS YEAR

Wayne, PA, April 7, 2010 — Moro Corporation (OTCQX:MRCR) today announced that financial results for the twelve months ended December 31, 2009 were as follows:

Twelve Months Ended December 31
2009 2008
Revenue
$63,123,000 $76,370,000
Net income
$1,125,000 $452,000
Earning per share
$.17 $.07
Average number of common shares outstanding
6,369,6436,369,643

Revenue for the twelve months ended December 31, 2009 was $63,123,000, a decrease of 17% from the prior year period.  The Mechanical Contracting Division accounted for 65% and the Construction Materials Division accounted for 35% of full year revenue.

Net income for the year ended December 31, 2009 was $1,125,000 equal to $.17 per share.

The Mechanical Contracting Division reported stronger earnings due to a focus on cost control coupled with expanded sales and marketing initiatives.  The Construction Materials Division reported increased earnings on lower sales due to improved profit margins.  Both the Mechanical Contracting Division and the Construction Materials Division were strong contributors to profits.

David W. Menard, President and CEO, commented:  “We benefited from improved profit margins on lower sales volume in 2009.  We will continue to strategize for growth, including possible acquisitions and product line diversification with an emphasis on increasing market share and geographical coverage.”

Moro’s financial position is strong.  At December 31, 2009, cash totaled $4,968,000 and represented 51% of stockholders’ equity.  At December 31, 2009 equity per share was $1.51 versus $1.34 a year ago, an increase of 13%.

As the overall U.S. economy begins to recover, there should be an eventual increase in the demand for many of Moro’s products and services.  However, Moro and its competitors will continue to compete for a relatively limited number of bidding opportunities.  By continued strategic focus on enhanced product and service offerings, geographical expansion and operating cost controls, Moro is confident that it will weather the uncertainties of a potentially prolonged U.S. economic recovery, particularly as it affects the construction industry.

Moro is a profitable and financially strong multi-subsidiary and eleven-location construction products and services company engaged in the (a) fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), and process piping, (b) distribution of construction steel, miscellaneous steel and construction accessories, and (c) industrial/commercial/residential mechanical contracting services (HVAC, plumbing, and piping).

For more information, contact David W. Menard, President and CEO, at 484-367-0300, fax 484-367-0305.


MORO CORPORATION MADE MORE MONEY IN 2009 DESPITE A SLOWER ECONOMY

March 26, 2010

CEOCFO: Mr. Menard, what is your focus at Moro today?
Mr. Menard: Moro’s business is divided into three segments; one, steel fabricating and steel distribution, two, commercial mechanical contracting, and three, residential heating, ventilating and air-conditioning contracting. In general, we have avoided most of the economic problems in the downturn of the economy, although most construction oriented customers are not doing well. In the year 2009 we made more money...read the full CEOCFO interview with Mr. Menard here


MORO CORPORATION REPORTS POSITIVE IMPACT OF AMERICAN RECOVERY AND REINVESTMENT ACT

Wayne, PA, May 28, 2009 — Moro Corporation (OTCQX:MRCR) today announced that its Construction Products Division obtained its first sales order being financed by the U.S. Government's Stimulus Plan. J.M. Ahle Co., an operating unit of Moro, has received a contract to provide reinforcing steel to parts of the I-295 Pavement Rehabilitation and Bridge Deck Replacement in Gloucester and Camden Counties, New Jersey. The government’s recovery program is funneling substantial amounts of money to Transportation Infrastructure Projects which utilize fabricated steel reinforcing bars – a major component of Moro’s revenue.

About 85% of Moro's business is of an infrastructure nature supplying products and services used in the construction of highways, roads, bridges, airports, dams, water treatment plants, hospitals, schools, and government buildings.

Moro is a profitable and financially strong, multi-subsidiary and eleven-location construction products and services company engaged in the (a) fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), and process piping, (b) distribution of construction steel, miscellaneous steel and construction accessories, and (c) industrial/commercial/residential mechanical contracting services (HVAC, plumbing, and piping).

Moro's shares are listed on the Pink Sheets - symbol MRCR.

For more information, contact David W. Menard, President and CEO, at 484-367-0300, fax 484-367-0305.

moro corp.

994 Old Eagle School Rd.
Suite 1000
Wayne, PA 19087 USA
T: 484.367.0300
F: 484.367.0305