Cemtrex Announces FY 2017 Annual Results: Sales Increase By 29% to over $120 million, With Q4 EPS of $.13

FARMINGDALE, N.Y.–(BUSINESS WIRE)–#cemtrex–Cemtrex (NASDAQ: CETX,
CETXP, CETXW), a world leading industrial and manufacturing solutions
company, announced today its consolidated results of operations for the
twelve months ended September 30th, 2017.

Fiscal Year 2017 Highlights:

• Revenue increased by 29% to $120,628,200 for the twelve months ended
  in September 30, 2017 compared to $93,704,560 for the same period in
  2016.
• Comprehensive Income to Common shareholders was even at $4,029,699 for
  fiscal year ended September 30, 2017 as compared to $4,019,898 for
  fiscal year ended September 30, 2016.
• Earnings Per Share for 2017 was $.31 compared to $.58 for 2016, a
  decrease of 32%. The Company paid Preferred stock dividend of
  $1,200,871 during fiscal year ended September 30, 2017 as compared to
  $0.00 for fiscal year ended September 30, 2016. The Company had
  10,175,736 common shares outstanding at the end of fiscal 2017 as
  compared to 8,514,772 shares outstanding at the end of fiscal 2016 on
  a diluted basis.
• EBITDA was down 5.3% to $8,571,125 in the twelve month period ended
  September 30, 2017 compared to EBITDA of $9,053,839 in the same period
  in 2016.

An Itemized reconciliation between net Income and EBITDA is as follows;

Fiscal 2017 Fourth Quarter Highlights:

• Revenue for the fourth quarter fiscal 2017 was $32,919,304 compared to
  $36,766,914 for the fourth quarter 2016, a decrease of 10%. On a
  sequential basis, revenues increased from $27,806,656, or 18% from the
  third quarter to the fourth quarter of fiscal 2017.
• Earnings Per Share for the fourth quarter fiscal 2017 was $.13
  compared to $.22 for the fourth quarter 2016, a decrease of 40%. On a
  sequential basis, earnings per share increased from $.11 to $.13 or
  18% from the third quarter to the fourth quarter of fiscal 2017.

Commenting on the yearly results, Mr. Saagar Govil, Chairman and Chief
Executive Officer of the Company remarked, "This past year, was another
record year for Cemtrex as our sales increased by 29% due to the full
benefit of our previous acquisitions supplemented by increased revenue
of our existing business. However, we had higher operating expenses due
to (i) certain uncompleted acquisition costs, (ii) higher sales &
marketing expenses and (iii) research & development expenses related to
our newly launched subsidiary Cemtrex Advanced technologies. We have
been investing heavily in all aspects of our business this year which we
anticipate will yield positive results for us in the future.”

"Over the past several years we have demonstrated our ability to
successfully acquire and integrate companies with complementary and
synergistic technologies. We will continue to seek and execute
additional strategic acquisitions and focus on expanding our products
and services as well as entering into new markets. We will also continue
to leverage our engineering and manufacturing expertise and strong
customer relationships to develop new cutting-edge technologies and
advanced products that solve technological challenges faced by our
customers and deliver exceptional value for our shareholders.” continued
Mr. Govil.

About Cemtrex

Cemtrex, Inc. (NASDAQ:CETX) is a global, diversified industrial and
manufacturing company that provides a wide array of solutions to meet
today’s technology challenges and is rapidly growing through
acquisitions. Cemtrex provides manufacturing services of advanced
custom-engineered electronics, industrial contracting services,
monitoring instruments for industrial processes and environmental
compliance, and equipment for controlling particulates, hazardous
pollutants, and Greenhouse gases used in carbon trading globally.

www.cemtrex.com

Safe Harbor Statement

This press release contains forward-looking statements. Actual results
could differ materially from those projected in the forward-looking
statements as a result of a number of risks and uncertainties.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. This release may
contain Non-GAAP financial information and is not presented in
accordance with US GAAP. The Company believes that the presentation of
non-GAAP financial measures provides useful information to management
and investors regarding underlying trends in its consolidated financial
condition and results of operations. The Company’s management regularly
uses these supplemental non-GAAP financial measures internally to
understand, manage, and evaluate the Company’s business and make
operating decisions.

Contacts

Investor Relations
Cemtrex, Inc.
Saagar Govil, 631-756-9116
[email protected]