Advanced Environmental Recycling Technologies (AERT), the makers of ChoiceDek and MoisureShield brand decking, reported sales of $23.6 million for its second fiscal quarter, up 34% from sales of $17.6 million in the same quarter of 2011.
Both the ChoiceDek and MoistureShield products, which are made from recycled polyethylene plastic and wood fiber waste, contributed to the sales volume growth, according to the company, with increases to existing customers and additional MoistureShield distribution. Limited sales of green resins (recycled plastic) were also initiated during the period.
Net operating income for the second quarter was $2.3 million, a $2.1 million increase from the quarter ended June 30, 2011.
Commenting on the results, CEO Joe Brooks said: "Our sales continue to grow as a result of increased distribution and customer sell-through efforts to a wider customer base. International sales also are growing. Our AERT team has successfully introduced several new products this year, with more on the horizon.”
Phase II of the company’s Watts, Okla., recycling facility is nearing completion, and AERT expects to increase sales of recycled plastic to other manufacturers.
AERT sells its ChoiceDek decking and railing products exclusively through Lowe’s. The company’s MoistureShield decking program is expanding, and products are now available throughout the United States.